SINGAPORE - Certificate of entitlement (COE) prices defied gravity despite an enlarged supply on Wednesday, to end mostly higher.
COE for cars up to 1,600cc and 130bhp closed at $67,089, down slightly from $67,889 two weeks ago. COE for cars above 1,600cc or 130bhp ended higher at $74,389, up from $72,890.
The Open category, which can be used for any vehicle type but ends up mostly for bigger cars, climbed even higher. It finished at $76,904, up from $73,900.
Commercial vehicle COE closed lower at $60,001, down from $65,001. Motorcycle premium rose from $4,189 to end at $4,210.
Industry watchers said the year-end rush to meet sales targets is driving premiums up, as are the fatter profit margins dealers are enjoying now compared with six to 12 months ago.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||67,089||67,889|
|B - Car (above 1600cc)||74,389||72,890|
|C - Goods vehicle & bus||60,001||65,001|
|D - Motorcycle||4,210||4,189|
|E - Open||76,904||73,900|
Source: Land Transport Authority
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