COEs rebound due to supply shrinkage

[SINGAPORE] Certificates of entitlement (COE) rebounded across the board at the latest tender on Wednesday on the back of a smaller quota.

COE for cars up to 1,600cc and 130bhp ended at S$33,000, up from S$32,699 two weeks ago. COE for cars above 1,600cc or 130bhp finished at S$37,102, up from S$35,001.

Open COE, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars, closed at S$36,502, up from S$35,001.

Commercial vehicle COE ended at S$24,100, up from S$23,888. Motorcycle premium finished at S$7,701, up from S$6,510.

Industry watchers attribute the all-round increase mainly to a 29 per cent shrinkage in COE supply for the August-October period.

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