COEs close lower at first tender for July 2016

COE prices finished lower across the board in the first round of bidding in July on Thursday (July 7). ST PHOTO: JAMIE KOH

SINGAPORE - Certificate of Entitlement (COE) prices finished lower across the board in the first round of bidding in July on Thursday (July 7).

Premiums for Category A - cars up to 1,600cc and 130bhp - dropped from $55,200 to $52,301.

COE prices for Cat B - cars above 1,600cc or 130bhp - also fell, going from $57,010 to $56,089.

For the open category, Cat E, which can be used for any vehicle type but ends up mainly being used mostly for bigger cars, COE prices likewise decreased, from $57,390 to $56,002.

Motorcycle premiums saw a dip, from $6,303 to $6,012.

COE premiums for goods vehicles and buses went down, from $48,002 to $47,889.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 52,301 55,200
B - Car (above 1600cc) 56,089 57,010
C - Goods vehicle & bus 47,889 48,002
D - Motorcycle 6,012 6,303
E - Open 56,002 57,390

Source: Land Transport Authority

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