COE prices end mixed in first round of 2018 bidding

Singapore

SINGAPORE Certificate of Entitlement (COE) tenders ended mixed in the first bidding of the year on Thursday as new emissions-based taxes kicked in.

The COE premium for cars up to 1,600cc and 130bhp finished 8.4 per cent higher at S$41,400, while that for cars above 1,600cc or 130bhp closed 3.6 per cent lower at S$45,289. The Open COE category, which can be used for any vehicle type except motorcycles, ended 1.3 per cent lower at S$47,390.