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Latest COE results show slight increase in almost all categories

COE bidding results for July 2013. (Land Transport Authority)

Certificate of Entitlement (COE) premiums see a slight increase in almost all categories, according to the latest bidding results released on Wednesday.
 
According to the figures by the Land Transport Authority's One Motoring website, the price of COE for cars 1,600cc and below rose 8.6 per cent to $73,000 from $67,301 at the previous tender.
 
The COE for cars above 1,600cc sees a 2.8 per cent increase to $77,110. The COE for goods vehicles and buses increased 5.2 per cent to $61,011.
 
The price of COE for vehicles in the open category is $77,000, which is a slight 1.3 per cent increase from the previous bidding result of $76,000. An open COE can be used for any type of vehicle.
 
Meanwhile, for motorcycles, there is a 5.35 per cent decrease in its COE price, from $1,701 to the current $1,610.