SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday (Jan 4).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$41,400, up from S$38,200 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$45,289 from S$47,002.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$47,390 from S$48,011.
Motorcycle premiums closed at S$7,701, up from S$7,501 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$40,101 from S$$45,112 in the previous bidding exercise.
A total of 6,375 bids was received, with a quota of 4,359 COEs available.
SINGAPORE - Certificate of entitlement (COE) prices ended mixed in the first bidding of the year on Thursday (Jan 4) as new emissions-based taxes kicked in.
The COE for cars up to 1,600cc and 130bhp finished at $41,400, up from $38,200 two weeks ago. The COE for cars above 1,600cc or 130bhp closed at $45,289, down from $47,002.
Open COE, which can be used for any vehicle type except motorcycles, ended at $47,390, down from $48,011 previously.
Commercial vehicle COE slid from $45,112 to end at $40,101 – its lowest since last July. Motorcycle premium continued northwards to hit $7,701 – its highest since last March.
The rise in COE for smaller cars was fuelled by a surge in buying after premiums plunged to $38,200 last month.
But the increase was tempered by uncertainty over the new Vehicular Emissions Scheme (VES), which accords tax rebates or surcharges based on a car’s emissions, and which came into effect on Monday.
For instance, Borneo Motors, authorised agent for the best-selling Toyota brand, collected orders for its Corolla Altis with a $10,000 surcharge in November.
But last month, it dropped the surcharge when it became clearer that the Altis was actually in the Neutral band of the VES. Borneo Motors said it will now refund buyers who have booked the cars with the surcharge.Certificate of Entitlement (COE) prices finished mixed in the first round of bidding in January on Thursday (Jan 4).
Latest COE results:
Category Current COE premium ($) Previous COE premium ($) A - Car (1600cc & below) 41,400 38,200 B - Car (above 1600cc) 45,289 47,002 C - Goods vehicle & bus 40,101 45,112 D - Motorcycle 7,701 7,501 E - Open 47,390 48,011
Source: Land Transport Authority
you just need 1,693 ppl to standby to bid and control the price .... :)
You sure AD need to standby so many people to bid COE? Sometimes it shoot like nobody biz 1-2 minutes before closing. didn't look like they have many people doing this together. more like a batch bid.
