SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Friday (May 6).
The largest drop was for open category COEs - which can be used for any vehicle type but end up being used mainly for large cars - with prices falling to S$91,112 from S$95,801.
For Category A cars, premiums closed at S$70,901, up from S$68,699 in the previous exercise.
The category includes cars with an engine capacity of 1,600cc and below, with horsepower not exceeding 130bhp.
From Friday's bidding exercise onwards, Category A also includes fully electric cars with maximum power output up to 110kW, or 147bhp.
Premiums for larger and more powerful cars in Category B rose to S$92,090 from S$90,002.
Category B comprises cars with engine capacity above 1,600cc or with horsepower above 130bhp, and now also includes fully electric cars with maximum power output above 110kW.
Meanwhile, motorcycle premiums closed at S$9,489, down from S$9,801 in the previous bidding exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$50,890 from S$52,002.
A total of 2,743 bids were received, with a quota of 2,001 COEs available.
This is the first tender under the new COE quota, which is up 14.3 per cent from the February to April period.
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The largest drop was for open category COEs - which can be used for any vehicle type but end up being used mainly for large cars - with prices falling to S$91,112 from S$95,801.
For Category A cars, premiums closed at S$70,901, up from S$68,699 in the previous exercise.
The category includes cars with an engine capacity of 1,600cc and below, with horsepower not exceeding 130bhp.
From Friday's bidding exercise onwards, Category A also includes fully electric cars with maximum power output up to 110kW, or 147bhp.
Premiums for larger and more powerful cars in Category B rose to S$92,090 from S$90,002.
Category B comprises cars with engine capacity above 1,600cc or with horsepower above 130bhp, and now also includes fully electric cars with maximum power output above 110kW.
Meanwhile, motorcycle premiums closed at S$9,489, down from S$9,801 in the previous bidding exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$50,890 from S$52,002.
A total of 2,743 bids were received, with a quota of 2,001 COEs available.
This is the first tender under the new COE quota, which is up 14.3 per cent from the February to April period.
Continue reading...