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Singapore

COE prices close mixed in first bidding exercise of 2021

COE prices close mixed in first bidding exercise of 2021

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

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed on Wednesday (Jan 6) in the first bidding exercise of the year.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$40,609, up from S$40,556 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$49,001 from S$49,300.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$35,900 from S$35,201 in the previous bidding exercise.

Motorcycle premiums closed at S$7,501, down from S$7,689 in the last exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$49,489 from S$49,500.

A total of 4,805 bids were received, with a quota of 3,354 COEs available.

Source: CNA/zl

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