COE premiums close mostly lower in latest bidding exercise
Only open category premiums did not decrease, closing unchanged at S$137,000.
Cars on an expressway in Singapore. (File photo: CNA/Gaya Chandramohan)
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SINGAPORE: Certificate of Entitlement (COE) premiums for cars fell for the second consecutive bidding exercise on Wednesday (Oct 7), with prices for both Category A and B declining.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$130,001 (US$101,600), down 1.43 per cent from S$131,890 in the last exercise.
Premiums for larger and more powerful cars in Category B fell 2.18 per cent to S$130,100, from S$133,000 previously.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, were unchanged at S$137,000.
Motorcycle premiums saw the largest percentage fall, dropping 9.75 per cent to close at S$11,012.
COEs for commercial vehicles, which include goods vehicles and buses, fell 0.28 per cent to S$91,889 from S$92,144 in the previous bidding exercise.
A total of 4,248 bids were received, with a quota of 3,270 COEs available.
The COE quota for August to October stands at 19,085 – up 0.2 per cent from the previous quarter.
