COE premiums close mixed in latest bidding exercise
Vehicles at a busy intersection in Sims Way, Singapore. (File photo: CNA/Jeremy Long)
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SINGAPORE: Certificate of Entitlement (COE) premiums for smaller cars and motorcycles fell in the latest bidding exercise on Thursday (May 23).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$92,700 (US$68,700), down from S$93,604 in the last exercise.
Premiums for larger and more powerful cars in Category B rose slightly to S$105,689 from S$105,002.
COEs for commercial vehicles, which include goods vehicles and buses, increased the most - by S$2,000 - from S$70,001 to S$72,001.
Motorcycle premiums closed at S$9,311, down from S$9,503 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, inched up slightly to S$105,002, from S$104,689.
A total of 3,824 bids were received, with a quota of 2,552 COEs available.
For this quarter from May to July, there will be a 2.7 per cent increase in the overall supply of COEs.
The quota for Category A will go up by 3 per cent, while COEs in Category B will go up by 1.3 per cent.
The largest increase of 12.9 per cent is in the Open Category, which is typically used to register larger cars.
For Category C, the COE supply will increase by 5.3 per cent, while the quota for motorcycles in Category D will remain unchanged.
