SINGAPORE - Certificates of entitlement (COE) for cars and commercial vehicles ended higher at the latest tender Wednesday (July 19), while the premium for motorcycles tumbled.
COE for cars up to 1,600cc and 130bhp ended 2.8 per cent higher at $44,002.
COE for cars above 1,600cc or 130bhp finished 0.4 per cent higher at $50,001.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, also crept up by 0.4 per cent to close at $50,101. All three categories have been sliding almost continually since April.
Commercial vehicle COE rose by 6.5 per cent to end at a three-month high of $42,809.
Motorcycle premium fell by 2.5 per cent to close at $5,851.
Industry players said price adjustments following sustained COE fall had drawn buyers back to showrooms, leading to increased demand.