COE prices mixed in latest exercise; aggressive promos keep small car market up

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

Click here for a bigger chart.

Join ST's Telegram channel here and get the latest breaking news delivered to you.