COE prices up for most categories except motorcycles, Latest Singapore News - The New Paper
Singapore

COE prices up for most categories except motorcycles

This article is more than 12 months old

The certificate of entitlement (COE) prices for cars up to 1,600cc and 130bhp were at a three-month high of $26,301, up 2.4 per cent from two weeks ago, in the latest tender yesterday.

COE for cars above 1,600cc or 130bhp increased 2.6 per cent for an eight-month high of $35,403. Open COE posted the biggest increase of 3.8 per cent yesterday, closing at an eight-month high of $36,667.

Commercial vehicle COE also moved north by 2 per cent to finish at $26,914. But motorcycle premium ended 0.5 per cent lower, at $3,689.

Motor dealers said prices are going up because of a smaller supply of COEs.

Parallel importers are coming back to the market after being affected by stricter emission rules last year. And the entry of Indonesia's Gojek in ride-sharing is also seen as a factor contributing to higher demand for COEs.

Transport