COE prices continue to dip across the board

Market watchers do not expect large fluctuations in premiums for the rest of the year as a pick-up in replacement demand is offset by uncertain economic conditions.
Market watchers do not expect large fluctuations in premiums for the rest of the year as a pick-up in replacement demand is offset by uncertain economic conditions.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Certificate of entitlement (COE) prices ended lower across the board in the latest tender on Wednesday (Sept 4), continuing a dip seen in the previous tender two weeks ago.

The COE price for cars up to 1,600cc and 130bhp finished at $31,783, down slightly from $31,917 a fortnight ago. The COE price for cars above 1,600cc or 130bhp closed at $36,001, down from $38,602.

The premium for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, finished at $37,912, down from $40,002.

Commercial vehicle COE price closed at $25,502, down from $26,501. Motorcycle premiums ended at $4,089, down from $4,301.

Market watchers do not expect large fluctuations in premiums for the rest of the year as a pick-up in replacement demand is offset by uncertain economic conditions.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 31,783 31,917
B - Car (above 1600cc)  36,001 38,602
C - Goods vehicle & bus 25,502 26,501
D - Motorcycle 4,089 4,301
E - Open 37,912 40,002