Certificate of entitlement (COE) premiums for smaller cars ended higher than the premium for bigger cars once again at the latest tender Wednesday.
COE for cars up to 1,600cc closed at $62,497, up from $61,029 a fortnight ago. The rate for cars above 1,600cc slid from $67,010 to end at $62,000. Open COE, which can be used to register any type of vehicle but ends up mainly for bigger cars, finished identically at $62,000 - down from $66,989 previously.
Commercial vehicle COE continued to trek northwards, closing at $58,502 from $56,011 two weeks ago. The motorcycle premium dipped from $1,812 to $1,791.
Motor traders said the demand for smaller cars has been stronger. At the same time, they pointed out that the supply of COEs for bigger cars - including Open certificates - was bigger than the supply of COEs for smaller cars.
* The prefix 1 in the months (eg 1-Jun-2006) indicates the first COE bid for the month, while a 2 prefix (2-Jun-2006) indicates the second bid for the month. ** Chart starts from the April 2002 bidding exercise. That was when the COE Open bidding system - where bidders are allowed to track the prevailing strike price "live" - fully replaced the Closed bidding system
Data Source: Land Transport AuthorityStraits Times Graphics: Derrick Ho | Last Updated: Apr 24, 2013 16:30hrs
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