COE premiums close lower in latest bidding exercise
SINGAPORE: Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on Wednesday (Mar 21).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$38,000, down from S$38,830 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$37,010 from S$39,001.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$38,000 from S$39,000.
Motorcycle premiums closed at S$7,602, down from S$8,009 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$35,001 from S$36,003 in the previous bidding exercise.
A total of 5,914 bids were received, with a quota of 4,301 COEs available.
Read more at https://www.channelnewsasia.com/news/singapore/coe-premiums-close-lower-in-latest-bidding-exercise-10062934