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
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