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COE prices close mostly lower but premiums for small cars climb

COE prices close mostly lower but premiums for small cars climb

Traffic at a busy intersection in Singapore. (Photo: Jeremy Long)

SINGAPORE: Certificate of Entitlement (COE) prices closed mostly lower in the latest bidding exercise on Thursday (Jun 6). With the exception of premiums for small cars, all other categories saw a drop in prices.

In Category A, for cars 1,600cc and below with horsepower not exceeding 130bhp, premiums went up sharply by about S$3,000 to close at S$30,009. This is up from S$27,000 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$39,728 from S$42,564.

The biggest drop was for open category COEs, which can be used for any vehicle type but end up being used mainly for large cars. Premiums fell to S$42,002 from S$47,000.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$25,502 from S$27,400 in the previous bidding exercise.

Motorcycle premiums closed at S$3,090, down from S$3,202 in the last exercise.

A total of 5,656 bids were received, with a quota of 4,257 COEs available. 

Source: CNA/nh(gs)

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