COE premiums for smaller cars fall the most in latest bidding exercise

COE premiums for smaller cars fall the most in latest bidding exercise

COE 10 cars - file photo
File photo of cars and other vehicles in Singapore (Photo: Jeremy Long)

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Oct 23).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$32,309, down from S$34,001 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to S$41,805 from S$41,361.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$26,001 from S$26,509 in the previous bidding exercise.

Motorcycle premiums closed at S$3,889, up from S$3,800 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$42,020 from S$41,001.

A total of 4,904 bids were received, with a quota of 3,510 COEs available.

Source: CNA/zl(aj)

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