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COE premiums close mostly higher; Category A up 4%

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SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$123,010, up 4.25 per cent from S$118,000 in the last exercise.

Premiums for larger and more powerful cars in Category B were flat at S$121,001, compared with the S$121,000 in the last exercise.

COEs for commercial vehicles, which include goods vehicles and buses, rose 4.37 per cent to S$83,501 from S$80,001 in the previous bidding exercise.

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Motorcycle premiums closed at S$9,290, down 7.10 per cent from S$10,000 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 3.31 per cent to S$125,002 from S$121,001.

A total of 5,276 bids were received, with a quota of 3,170 COEs available.

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