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Singapore

COE prices close lower across all categories in latest bidding exercise

COE prices close lower across all categories in latest bidding exercise

File photo of cars and other vehicles at a traffic junction in Singapore. (Photo: CNA/Jeremy Long)

SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across the board in the latest bidding exercise on Wednesday (Dec 7), with Category A falling after prices in the previous round reached a near 10-year high.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$88,503, down from S$90,589 in the last exercise, where it exceeded the S$90,000 mark for the first time since January 2013.

The biggest fall was in Category B, for cars above 1,600cc, which dropped by S$8,380 to S$105,501.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$110,524 from S$114,009.

COE prices for commercial vehicles, which include goods vehicles and buses, fell to S$81,501 from S$81,802 in the previous bidding exercise.

Motorcycle premiums closed at S$12,100, down from S$12,589 in the last exercise. This is the second successive dip, after 12 consecutive increases that first started on May 19.

A total of 2,112 bids were received, with a quota of 1,544 COEs available.

Source: CNA/at(sn)

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