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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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley