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.