COE prices close mixed in latest bidding exercise
Category A premiums rose by about 3 per cent.
Vehicles in Singapore. (File photo: CNA/Syamil Sapari)
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SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday (Jun 20).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$90,889 (US$67,200), up from S$88,200 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$102,334 from S$100,607.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$69,900 from S$70,589 in the previous bidding exercise.
Motorcycle premiums closed at S$9,002, up from S$8,989 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$100,000 from S$101,600.
A total of 3,661 bids were received, with a quota of 2,551 COEs available.
There will be 15,104 COEs for the May to July period – a 2.7 per cent increase from the 14,707 in the previous quarter.
The quota for Category A is up by 3 per cent, while COEs in Category B is up by 1.3 per cent. There is also 12.9 per cent more COEs for vehicles in Category E or the Open Category.
For Category C, the COE supply has increased by 5.3 per cent, while the quota for motorcycles in Category D remained unchanged.
