Car COE prices power ahead at first tender of expanded quota

Certificates of entitlement finished mixed on Thursday, at the first tender of an expanded quota.
Certificates of entitlement finished mixed on Thursday, at the first tender of an expanded quota.PHOTO: ST FILE

SINGAPORE - Certificate of entitlement (COE) prices finished mixed on Thursday (May 5), at the first tender of an expanded quota.

COE for cars up to 1,600cc and 130bhp ended at $47,889, up from $47,300 two weeks ago. COE for cars above 1,600cc or 130bhp closed at $51,010, up from $49,602.

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, was slightly lower at $49,000 - down from $49,501 previously.

Commercial vehicle COE closed at $42,302, down from $43,002. Motorcycle premium also ended lower at $6,302, down from $6,501.

Motor traders said strong buying interest whipped up by the annual Cars @ Expo bazaar, as well as competition from private-hire providers such as Uber have fuelled bidding.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 47,889 47,300
B - Car (above 1600cc)  51,010 49,602
C - Goods vehicle & bus 42,302 43,002
D - Motorcycle 6,302 6,501 
E - Open 49,000 49,501

Source: Land Transport Authority