COE prices end mostly lower

Certificate of entitlement prices ended mostly lower in the latest tender on April 4, 2018.
Certificate of entitlement prices ended mostly lower in the latest tender on April 4, 2018.PHOTO: ST FILE

SINGAPORE - Certificate of entitlement (COE) prices ended mostly lower in the latest tender Wednesday (April 4) as demand from private-hire operators dissipates in the light of Uber's exit from the market.

COE premiums for cars up to 1,600cc and 130bhp closed at $37,000, down from $38,000 two weeks ago. COE prices for cars above 1,600cc or 130bhp finished at $37,605, up slightly from $37,010.

The premiums for Open COE, which can be used for any vehicle type except motorcycles, crept up slightly from $38,000 to end at $38,039.

Commercial vehicle COE prices finished at $34,001, down from $35,001. Motorcycle premiums closed at $7,114, down from $7,602.

Motor traders expect premiums to remain soft, although this weekend's Cars@Expo retail event could drive demand up for the next one or two tenders.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 37,000 38,000
B - Car (above 1600cc)  37,605 37,010
C - Goods vehicle & bus 34,001 35,001
D - Motorcycle 7,114 7,602
E - Open 38,039 38,000