COEs stage strong rebound aross the board

PHOTO: ST FILE

SINGAPORE - Certificates of entitlement (COE) ended higher across the board at the latest tender on Wednesday.

COE for cars up to 1,600cc and 130bhp closed at a five-month high of $59,200, up from $56,001 two weeks ago. COE for cars above 1,600cc or 130bhp ended at $61,103, up from $57,501.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, hit a four-month high of $62,109, up from $60,689.

Commercial vehicle COE climbed from $43,809 a fortnight ago to finish at $45,890. Motorcycle premium posted the biggest rebound by closing at $6,502, up from $5,912.

Industry watchers attribute the latest results to a traditional year-end spurt by motor traders to meet sales targets.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  59,200 56,001
B - Car (above 1600cc)   61,103 57,501
C - Goods vehicle & bus  45,890 43,809
D - Motorcycle  6,502 5,912
E - Open  62,019 60,689

Source: Land Transport Authority