COE premium for Cat A at 4-yr high via AsiaOne

[g8crasher]

COE premium for Cat A at 4-yr high

Wed, Sep 09, 2009

AsiaOne

By Tony Ng

Premiums for certificates of entitlement (COE) have largely increased at the end of Sept's first open bidding, with the premium for Cat A hitting a four-year high.

The premium for small cars (1,600cc and below) surged to $18,020. This is a 20 per cent increase from the last premium of $15,019.

The last time it surged over the $18,000 mark was in Jan 2005, according to the figures released by the Land Transport Authority (LTA).

The increase comes on the heels of the revised off-peak car (OPC) scheme announced last month.

The premium for cars 1,601cc and above also rose by 18.4 per cent to $19,289.

The COE premium for the open category almost crossed the $20,000 mark - it finished at $19,830.

The open category can be used for any type of vehicle but ends up mainly for cars.

Motorcycle premiums also increased by 19 per cent to $1,051. But the premium for commercial vehicles took a slight beating to close 8.6 per cent down at $16,001.

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RESULTS FOR SEPTEMBER 2009 1ST OPEN BIDDING EXERCISE

Category Quota QP($) PQP($)

A CAR (1600CC & BELOW) & TAXI 1,395 18,020

B CAR (ABOVE 1600CC) 767 19,289

C GOODS VEHICLE & BUS 231 16,001

D MOTORCYCLE 405 1,051

E OPEN 722 19,830