COE prices rise across the board despite slightly bigger supply of certificates

CERTIFICATE of entitlement (COE) prices ended higher across the board at the latest tender Wednesday despite a slightly bigger supply of certificates.

COE for cars up to 1,600cc rose from $73,989 to close at $75,556 - its highest level since car-cooling measures were introduced six months ago.

COE for cars above 1,600cc finished at $77,600, up from $76,389. Open COE, which can be used for any vehicle type but ends up mainly for cars, ended at $77,989, up from $76,802.

Commercial COE climbed from $65,036 to close at $68,251, setting another record high. Motorcycle premium finished at $1,792, up from $1,712.

Motor traders said increased competition among the premium brands fuelled the rise in prices.

Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 75,556 73,989
B - Car (above 1600cc) 77,600 76,389
C - Goods vehicle & bus 68,251 65,036
D - Motorcycle 1,792 1,712
E - Open 77,989 76,802

Source: Land Transport Authority

Click here for a bigger chart.

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