COEs end mostly lower

[SINGAPORE] Certificates of entitlement (COE) ended mostly lower at the latest tender on Wednesday (Sept 19), with the mainstay premium for smaller cars falling below $30,000 for the second time since July.

COE for cars up to 1,600cc and 130bhp finished at $28,000, down from $30,209. COE for cars above 1,600cc or 130bhp closed at $31,307, down from $32,001.

Open COE, which can be used for any vehicle type except motorcycles, closed at $32,000, up from $31,801.

Commercial vehicle COE inched upwards from $27,001 two weeks ago to finish at $27,104. Motorcycle premium settled at $4,214, down from $4,390 - nearly half of what it was at early this year.

Industry watchers expect the soft COE prices to whip up buying interest, although some quarters reckon that they will also encourage more people to revalidate the COE of their old cars for another five or 10 years.

THE STRAITS TIMES