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. 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

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