COE prices end higher across the board in latest bidding exercise

COE prices end higher across the board in latest bidding exercise

traffic in singapore
File photo of traffic in Singapore. (Photo: Roslan Rahman/AFP)

SINGAPORE: Certificate of Entitlement (COE) prices closed higher across all categories in the latest bidding exercise on Wednesday (Sep 20).

The largest increase was for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp. Premiums closed at S$42,902, up from the seven-year low of S$36,001 in the last exercise.

Premiums for larger and more powerful cars in Category B also went up - from S$49,000 to S$49,189.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$49,012 from S$48,005.

COEs for commercial vehicles, which include goods vehicles and buses, closed at S$46,890, up from S$43,002 in the previous bidding exercise.

COEs for motorcycles closed at S$5,501, up marginally from S$5,402 two weeks ago. 

Source: CNA/gs

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