COE prices increase across the board in latest bid; Small car COE closes at $42,902

COE prices finished higher across all categories in the round of bidding that ended on Sept 20, 2017. ST PHOTO: CHEW SENG KIM

SINGAPORE - Certificate of Entitlement (COE) prices increased across the board in the latest round of bidding, which closed on Wednesday (Sept 20) at 4pm.

Category A premiums - for cars up to 1,600cc up and 130bhp - went up almost 20 per cent to $42,902.

This comes just two weeks after prices plunged 16 per cent to $36,001 during the last tender, the lowest they had been in almost seven years.

Commercial vehicles premiums also went up - about 9 per cent - from $43,002 to $46, 890.

Meanwhile, premiums for the open category, which can be used for all vehicles but often used for the purchase of bigger cars, increased marginally to $49,012, up from $48,005.

Premiums for motorcycles remained strong, increaseing 1.8 per cent to $5,501.

For cars above 1,600cc and 130bhp, premiums closed relatively flat at $49, 189.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 42,902 36,001
B - Car (above 1600cc) 49,189 49,000
C - Goods vehicle & bus 46,890 43,002.
D - Motorcycle 5,501 5,402
E - Open 49,012 48,005

Source: Land Transport Authority

Join ST's WhatsApp Channel and get the latest news and must-reads.