COEs fall across the board, car premiums up to 22 per cent lower compared to April

SINGAPORE - Certificates of entitlement prices fell across the board at the latest tender Wednesday, with car premiums now up to 22 per cent lower than what they were just two months ago.

COE for cars up to 1,600cc and 130bhp ended at $61,899, down from $63,190 two weeks ago.

COE for cars above 1,600cc or 130bhp finished at $65,700, down from $67,304 a fortnight ago and $84,504 in April.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, slid from $67,334 to close at $65,301.

Commercial vehicle COE closed at $42,001, down from $43,001.

Motorcycle premium slid below the $4,000-mark for the first time in seven tenders to end at $3,890.

Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 61,899 63,190
B - Car (above 1600cc) 65,700 67,304
C - Goods vehicle & bus 42,001 43,001
D - Motorcycle 3,890 4,089
E - Open 65,301 67,334

Source: Land Transport Authority

Click here for a bigger chart.

Join ST's Telegram channel and get the latest breaking news delivered to you.