All COE premiums end higher; motorcycle COEs hit new high

Vehicles travelling along Upper Bukit Timah Road. Certificates of Entitlement (COE) ended higher across the board on Friday, Feb 24, 2017, after announcement of higher taxes for high-end motorcycles and a probable dip in the Open COE supply.
Vehicles travelling along Upper Bukit Timah Road. Certificates of Entitlement (COE) ended higher across the board on Friday, Feb 24, 2017, after announcement of higher taxes for high-end motorcycles and a probable dip in the Open COE supply.ST PHOTO: CAROLINE CHIA

SINGAPORE – Certificates of Entitlement (COE) ended higher across the board on Friday (Feb 24) following news of heftier taxes for high-end motorcycles and a probable dip in the Open COE supply.

COE for cars up to 1,600cc and 130bhp finished at $49,430, up from $48,401. COE for cars above 1,600cc or 130bhp closed at $50,621, up from $48,209.

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $51,000. 

The Government announced earlier this week that the motorcycle COE category will no longer contribute to the Open category, which derives its supply from a 10 per cent contribution from each of the other categories.

Motorcycle premium closed at its second-highest level of $6,801, up from $6,412. Commercial vehicle COE ended at $49,810, up from $48,901. 

The latest tender was delayed for two days pending the announced changes to motorcycle taxes and Open COEs.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 49,430 48,401
B - Car (above 1600cc)  50,621 48,209
C - Goods vehicle & bus 49,810 48,901
D - Motorcycle 6,801 6,412
E - Open 51,000 48,556

Source: Land Transport Authority