SINGAPORE - Certificate of entitlement (COE) premiums rebounded across the board at the latest tender on Wednesday on the back of a smaller quota.
The COE price for cars up to 1,600cc and 130bhp ended at $33,000, up from $32,699 two weeks ago, while that for cars above 1,600cc or 130bhp finished at $37,102, up from $35,001.
The price of the Open COE, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars, closed at $36,502, up from $35,001.
The commercial vehicle COE premium ended at $24,100, up from $23,888. Motorcycle premium finished at $7,701, up from $6,510.
Industry watchers attribute the all-round increase mainly to a 29 per cent shrinkage in COE supply for the August-October period.
LATEST COE RESULTS:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1,600cc & below)||33,000||32,699|
|B - Car (above 1,600cc)||37,102||35,001|
|C - Goods vehicle & bus||24,100||23,888|
|D - Motorcycle||7,701||6,510|
|E - Open||36,502||35,001|