SINGAPORE - Certificates of entitlement (COE) ended mostly lower in the latest tender on Wednesday, with the exception of motorcycle premiums.
COE for cars up to 1,600cc and 130bhp fell from $67,089 two weeks ago to close at $65,889. COE for cars above 1,600cc or 130bhp dipped from $74,389 to $74,000.
Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, posted a substantial fall. It slid from $76,904 to finish at $73,990.
Commercial vehicle COE however, took the biggest tumble, falling from $60,001 to hit a three-month low of $52,100.
Motorcycle premium crept up from $4,210 last fortnight to close at $4,312.
Industry observers said the softer premiums may be a reflection of a bleaker economic outlook for the year ahead as oil prices continue to tumble.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||65,889||67,089
|B - Car (above 1600cc)||74,000||74,389
|C - Goods vehicle & bus||52,100||60,001
|D - Motorcycle||4,312||4,210|
|E - Open||73,990||76,904
Source: Land Transport Authority