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Singapore

COE prices for cars close lower in latest bidding exercise

COE prices for cars close lower in latest bidding exercise

File photo of traffic in Singapore. (Photo: Hester Tan)

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Nov 21).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$25,000, down from S$28,199 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$31,101 from S$32,302.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$30,959 from S$32,000 in the previous bidding exercise.

Motorcycle premiums closed at S$2,989, up from S$2,509 in the last exercise.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$27,509 from S$29,501.

A total of 6,950 bids were received, with a quota of 5,045 COEs available.

Source: CNA/aa(ra)

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