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Singapore

COE prices close higher across all categories in first bidding exercise of 2020

COE prices close higher across all categories in first bidding exercise of 2020

File photo of cars and other vehicles in Singapore. (File photo: Jeremy Long)

SINGAPORE: Certificate of Entitlement (COE) premiums closed higher in the latest bidding exercise on Wednesday (Jan 8).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$35,320, up from S$32,889 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to S$37,109 from S$36,000.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$24,402 from S$23,200 in the previous bidding exercise.

Motorcycle premiums closed at S$3,989, up from S$3,658 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$38,000 from S$37,989.

A total of 4,761 bids were received, with a quota of 3,469 COEs available.

Source: CNA/nc(hm)

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