SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (May 19).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$41,801, down from S$48,002 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$58,089 from S$60,001.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$41,701 from S$43,001 in the previous bidding exercise.
Motorcycle premiums closed at S$8,701, up from S$8,011 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$62,000 from S$63,002.
A total of 3,917 bids were received, with a quota of 2,710 COEs available.