COE prices close mostly higher in latest bidding exercise

COE prices close mostly higher in latest bidding exercise

File photo of traffic in Singapore
File photo of traffic in Singapore. (Photo: Hester Tan)

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Feb 20).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$26,301, up from S$25,689 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to S$35,403 from S$34,509.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$26,914 from S$26,378 in the previous bidding exercise.

Motorcycle premiums closed at S$3,689, down from S$3,709 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$36,667 from S$35,310.

A total of 6,445 bids were received, with a quota of 4,403 COEs available.

Source: CNA/ic(hm)

Bookmark