SINGAPORE - Certificate of entitlement (COE) premiums ended mixed at the latest tender on Wednesday (Nov 20) as year-end promotions countered prevailing market weakness on the back of economic uncertainty.
The COE price for cars up to 1,600cc and 130bhp finished higher at $32,000, a hike from $30,000 two weeks ago. Premiums for cars above 1,600cc or 130bhp closed lower at $39,700, down from $40,009.
COE premiums in the Open category, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars, inched upwards to $40,889, from $40,101 previously.
This narrows the price difference between COEs for small and big cars to $7,700, from $10,000 at the tender a fortnight ago.
Commercial vehicle COE prices closed lower at $24,502, down from $25,392. Motorcycle premiums also ended lower at $3,921, down from $4,100.
LATEST COE RESULTS:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1,600cc & below)||32,000||30,000|
|B - Car (above 1,600cc)||39,700||40,009|
|C - Goods vehicle & bus||24,502||25,309|
|D - Motorcycle||3,921||4,100|
|E - Open||40,889||40,100|