SINGAPORE – Certificates of entitlement (COE) premiums have ended highest this year in the latest tender results out today (June 22).
COEs for cars up to 1600cc in category rose to $55,200 from $53,694 from the previous tender on June 8.
COEs for cars in category B that are above 1600cc rose to $57,010 from $56,000.
Goods vehicles and buses in category C saw their COE premium rise as well, from $46,434 to $48,002.
In category D of motorcycles, COE premiums were steady but up from $6,302 to $6,303.
And in the open category, COE premiums are $57,390, up from $55,100.
The Straits Times said in its report that the premiums are “now at their highest this year, driven up by the Monetary Authority of Singapore’s surprise move to relax car loan curbs as well as aggressive bidding from private-hire players such as Uber.”
spanaech@sph.com.sg
