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