Small car COE premium hits $33,798

Open COE premiums also rose to $33,420.

The certificate of entitlement (COE) for most cars rose in the latest bidding exercise this August with COE premiums of cars up to 1,600cc and 130bhp hitting $33,798 as traders disposed of their order backlog.

The move comes after the COE for small cars earlier plunged to an eight year low at $25,000 in July following new vehicle emission scheme (VES) issued by the Land Transport Authority (LTA).

COE premiums for cars above 1,600cc or 130bhp also rose to $34,381.

Open COE, which can be used for any vehicle except motorcycles, also followed the upward ttrend after hitting $33,420.

Only COE premiums for goods vehicle and buses fell to $30,389.

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