SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Sep 20), with prices for Category B and Open Category COEs crossing the S$140,000 mark for the first time.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$105,000 (US$76,927), up from S$101,000 in the last exercise. This is a new record for Category A prices - the previous high was S$103,721 in April this year.
Premiums for larger and more powerful cars in Category B rose to S$140,889, hitting another new high from S$134,889 in the last tender.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$83,801 from S$82,889 in the previous bidding exercise.
Motorcycle premiums closed at S$10,700, down from S$10,901 in the last exercise.
Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$144,640 from S$137,000. This marks the fifth consecutive increase in prices for Open Category certificates.
A total of 2,673 bids were received, with a quota of 1,916 COEs available.
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For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$105,000 (US$76,927), up from S$101,000 in the last exercise. This is a new record for Category A prices - the previous high was S$103,721 in April this year.
Premiums for larger and more powerful cars in Category B rose to S$140,889, hitting another new high from S$134,889 in the last tender.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$83,801 from S$82,889 in the previous bidding exercise.
Motorcycle premiums closed at S$10,700, down from S$10,901 in the last exercise.
Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$144,640 from S$137,000. This marks the fifth consecutive increase in prices for Open Category certificates.
A total of 2,673 bids were received, with a quota of 1,916 COEs available.
Continue reading...