COEs finish mostly lower in the first round of bidding in October 2017

COE prices ended mostly lower in the round of bidding that ended on Oct 4, 2017.
COE prices ended mostly lower in the round of bidding that ended on Oct 4, 2017.PHOTO: ST FILE

SINGAPORE - Certificate of entitlement (COE) prices ended slightly lower for cars and motorcycles at the latest tender on Wednesday (Oct 4).

COE for cars up to 1,600cc and 130bhp finished at $41,761, down from $42,902 in the previous exercise. COE for cars above 1,600cc or 130bhp closed at $48,109, down from $49,189.

COE for the open category, which can be used for any vehicle except motorcycles but which ends up mainly for bigger cars, ended at $49,000, down from $49,012.

Commercial vehicle COE bucked the trend by rising from $46,890 two weeks ago to hit $48,902.

Motorcycle premium finished at $5,010, down from $5,501. 

Showroom traffic slowed after a rebound in the previous tender, while weaker demand from private-hire and taxi operators continued to ease pressure on premiums.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 41,761  42,902
B - Car (above 1600cc)  48,109 49,189
C - Goods vehicle & bus 48,902 46,890
D - Motorcycle 5,010 5,501
E - Open 49,000 49,012

Source: Land Transport Authority