All COE prices tumble except in the motorbike category

[SINGAPORE] Certificate of entitlement (COE) prices ended mostly lower at the latest tender on Wednesday (Nov 6) as demand for private-hire vehicles hit the skids and car buyers moved back to the sidelines.

Motorcycle COE price was the only one which rose, possibly a knee-jerk reaction to the virtual ban on personal mobility devices.

COE price for cars up to 1,600cc and 130bhp finished at a four-month low of $30,000, down from $32,309 at the previous tender two weeks ago. COE price for cars above 1,600cc or 130bhp closed at $40,009, down from $41,805.

The premium for open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, closed at $40,101, down from $42,020.

Commercial vehicle COE price closed at $25,392, down from $26,001. Motorcycle premium bucked the trend to end at a three-month high of $4,100, up from $3,889.

THE STRAITS TIMES