SINGAPORE - Certificates of entitlement (COE) for cars ended higher in the latest tender on Wednesday (April 20) despite the prospect of a larger supply of certificates next month.
COE for cars up to 1,600cc and 130bhp closed at $47,300, up from $46,009.
COE for cars above 1,600cc or 130bhp ended at $49,602, up from $47,000.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, finished at $49,501, up from $47,510.
Commercial vehicle COE slipped from $44,213 to close at $43,002.
Motorcycle premiums posted a $2 dip to end at $6,501.
Observers said bidders may have been spooked by news that third-party taxi apps such as Uber and Grab are aggressively expanding their fleets and, thus, competing for COEs.
Latest COE results:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||47,300||46,009|
|B - Car (above 1600cc)||49,602||47,000|
|C - Goods vehicle & bus||43,002||44,213|
|D - Motorcycle||6,501||6,503|
|E - Open||49,501||47,510|
Source: Land Transport Authority