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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 cars, motorcycles and goods vehicles on Singapore roads. (Photo: Jeremy Long)

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Mar 18).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$31,210, down from S$32,699 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$30,012 from S$32,801.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$22,002 from S$24,202 in the previous bidding exercise.

Motorcycle premiums closed at S$4,489, up from S$4,310 in the last exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, stay unchanged at S$32,500.

A total of 4,755 bids were received, with a quota of 3,334 COEs available.

Source: CNA/ad
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