COE prices close higher in latest bidding exercise
Cars and other vehicles at a traffic junction in Singapore. (File photo: CNA/Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums closed higher in the latest bidding exercise on Thursday (Jul 22).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$47,010, up from S$45,001 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$59,501 from S$56,100.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$39,523 from S$38,900 in the previous bidding exercise.
Motorcycle premiums closed at S$8,689, up from S$8,502 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$60,001 from S$57,700.
A total of 3,955 bids were received, with a quota of 2,743 COEs available.
