SINGAPORE: Certificate of Entitlement (COE) premiums closed higher in the latest bidding exercise on Wednesday (Oct 9).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$34,001, up from S$31,759 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$41,361 from S$37,000.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$26,509 from S$25,556 in the previous bidding exercise.
Motorcycle premiums closed at S$3,800, up from S$3,601 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$41,001 from S$40,000.
A total of 5,377 bids were received, with a quota of 3,520 COEs available.