Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday.
COE for cars up to 1,600cc rose slightly to end at $74,991, up from $72,609 previously. COE for cars above 1,600cc dipped from $84,578 to $79,300. And Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, slid from $89,001 to $83,000.
Commercial vehicle COE ended lower at $55,002, down from $55,503. And motorcycle premium was a tad higher at $1,712, up from $1,710.
Industry watchers said the weakened stock and property markets had affected sentiment among car buyers - especially those in the above-1,600cc segment. But aggressive promotions to clear stock ahead of rule changes next year have kept the market for smaller cars relatively buoyant.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||74,991||72,609|
|B - Car (above 1600cc)||79,300||84,578|
|C - Goods vehicle & bus||55,002||55,503|
|D - Motorcycle||1,712||1,710|
|E - Open||83,000||89,001|
Source: Land Transport Authority