SINGAPORE – Certificates of Entitlement (COE) for commercial vehicles plunged at the latest tender on Wednesday (April 26) ahead of a supply surge next month.
The COE for vans, trucks and buses closed at a six-year low of $26,501, down from $45,906 two weeks ago. Dealers said buyers were holding back to see how much COE will fall when a six-fold increase in quota kicks in in May.
The other premiums ended mixed. COE for cars up to 1,600cc and 130bhp ended lower at $51,600, down from $52,000. COE for cars above 1,600cc or 130bhp closed $1 higher at $54,406.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $54,616, up from $54,556.
Motorcycle premium finished at $6,712, down from $7,589. Up to the last five minutes of bidding, the premium stayed at $2.
Latest COE results:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||51,600||52,000|
|B - Car (above 1600cc)||54,406||54,405|
|C - Goods vehicle & bus||26,501||45,906|
|D - Motorcycle||6,712||7,589|
|E - Open||54,616||54,556|
Source: Land Transport Authority