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Singapore

COE prices close mostly lower in latest bidding exercise

COE prices close mostly 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 (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.

Source: CNA/ic

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