COE premiums rise at second round of bidding in April

Certificate of entitlement (COE) prices ended higher in the latest tender on Wednesday (Apr 20), said the Land Transport Authority in a statement.

COE premiums for Cat A - cars up to 1,600cc and 130bhp - closed at $47,300, up from $46,009.

COE for Cat B - cars above 1,600cc or 130bhp - rose to $49,602, from $47,000.

For Cat E, which is the open category that can be used for any vehicle, COE prices increased to $49,501, up from $47,510.

Commercial vehicle COE went down from $44,213 to close at $43,002 while motorcycle premiums decreased by $2 to $6,501.