COEs end mostly higher on eve of new quota

[SINGAPORE] Certificates of entitlement (COE) ended mostly higher in the latest tender Wednesday (Oct 21), the last one before the next three-month quota starts in November.

COE for cars up to 1,600cc and 130bhp finished at S$37,334, up from S$36,534 two weeks ago. COE for cars above 1,600cc or 130bhp closed at S$40,990, up slightly from S$40,690.

Open COE, which can be used for any vehicle type except motorcycles but ends up predominantly for bigger cars, ended at S$39,889, down from S$40,301.

Commercial vehicle COE, which has been trending at its highest in over two years, finished at S$33,778, up slightly from S$33,089.

Motorcycle premium ended at S$7,300, down from S$7,451.

Industry watchers reckon the rise in COE for cars up to 1,600cc can be attributed to a smaller supply of certificates in the new quota starting next month.

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However, the supply of COEs for the other two categories used for cars will be larger, which may explain the dip in the premium for the Open category.

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