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COE prices end mostly higher


[SINGAPORE] Certificates of entitlement (COE) ended mostly higher in the latest tender on Wednesday (April 18), slowing down a downtrend which started more than a year ago.

COE for cars up to 1,600cc and 130bhp closed at $38,510, up from $37,000 two weeks ago. COE for cars above 1,600cc or 130bhp finished at $37,330, down from $37,605.

Open COE, which can be used for any vehicle type except motorcycles, ended at $38,389, up from $38,039.

With the latest results, car COEs are still hovering at their lowest in over a year.

Market voices on:

Commercial vehicle COE finished at $34,202, up from $34,001.

Motorcycle premium closed at $7,115, hardly changed from the $7,114 previously. Traders said where the two-wheeler COE will head depends on the response to the government's recent offer to pay owners $3,500 for each old machine taken off the road.

Industry watchers expect car COEs to remain subdued for the rest of the year, even if the following three-month quotas are expected to shrink a little.

They said another emission requirement which will kick in in July will render many models unviable here. This in turn will lead to lower demand for COEs.


Analyse historical COE data with the Business Times interactive tool

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