COE premiums dip slightly in latest bidding exercise except for motorcycles, Open category
Cars, motorcycles and goods vehicles on Singapore roads. (File photo: CNA/Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Jul 19).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$95,202 (US$71,840), down from S$97,000 in the last exercise.
Premiums for larger and more powerful cars in Category B fell by a dollar, from S$118,002 in the last tender to S$118,001.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$82,001 from S$82,223 in the previous bidding exercise.
Motorcycle premiums closed at S$10,501, up from S$10,090, in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$122,110 from S$121,000.
A total of 2,546 bids were received, with a quota of 1,792 COEs available.
