COE premiums close mixed in latest bidding exercise
Cars, motorcycles and heavy vehicles on Singapore roads. (File photo: CNA/Jeremy Long)
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SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Jul 17), with little change from the last exercise.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$91,899 (US$68,570), up from S$91,001 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$100,000 from S$100,901.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$70,601 from S$70,001 in the previous bidding exercise.
Motorcycle premiums closed at S$9,089, up from S$8,900 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$100,341 from S$100,889.
A total of 3,479 bids were received, with a quota of 2,543 COEs available.
There will be 15,104 COEs for the May to July period – a 2.7 per cent increase from the 14,707 in the previous quarter.
The quota for Category A is up by 3 per cent, while the quota for Category B is up by 1.3 per cent. The quota for vehicles in Category E, or the Open category, is also up – by 12.9 per cent.
For Category C, the COE supply has increased by 5.3 per cent, while the quota for motorcycles in Category D remained unchanged.
