COEs finish mixed in the first round of bidding in July 2017
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COE prices ended mostly higher in the round of bidding that ended on July 5, 2017.
ST PHOTO: LIM YAOHUI
SINGAPORE - Certificates of entitlement (COE) ended mixed in the latest tender on Wednesday (July 5) as the market braces itself for a new quota next month and a new emission standard in September.
COE for cars up to 1,600cc and 130bhp ended unchanged at $42,801, while COE for cars above 1,600cc or 130bhp finished higher at $49,802, up from $47,501.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed slightly higher at $49,899, up from $48,001.
Commercial vehcle COE shot up from $36,879 to hit a three-month high of $40,212. Motorcycle premium was unchanged at $6,001.
A number of models are out of stock as dealers prepare for Euro 6 emission standard, which will come into effect in September. This means lower bidding pressure.
Bidding from private-hire vehicle operators is believed to have eased in light of a fleet oversupply, again lowering bidding pressure.
This is offset by expectations of a smaller COE quota from August.
Latest COE results:
Source: Land Transport Authority
