SINGAPORE – Certificates of entitlement (COE) ended mostly lower at the latest tender Wednesday (Nov 6) as demand for private-hire vehicles hit the skids and car buyers moved back to the sidelines.

Motorcycle COE was the only one which rose, possibly a knee-jerk reaction to the virtual ban on personal mobility devices.

COE for cars up to 1,600cc and 130bhp finished at a four-month low of $30,000, down from $32,309 at the previous tender two weeks ago. COE for cars above 1,600cc or 130bhp closed at $40,009, down from $41,805.

Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, closed at $40,101, down from $42,020.

Commercial vehicle COE closed at $25,392, down from $26,001. Motorcycle premium bucked the trend to end at a three-month high of $4,100, up from $3,889.

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