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COE premiums mostly down, Category A closes at S$122,000

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SINGAPORE: The Certificate of Entitlement (COE) premium for Category A cars closed at S$122,000 in the latest bidding exercise on Thursday (Oct 23), snapping a streak of three straight increases.

Category A COEs - for cars 1,600cc and below with horsepower not exceeding 130bhp - went down to S$S$122,000 from S$128,105 in the last exercise.

Premiums for other categories also fell.

Premiums for larger and more powerful cars in Category B fell to S$131,889 from S$141,000.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$136,000 from S$140,009.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$76,801 from S$74,301 in the previous bidding exercise.

Motorcycle premiums closed at S$9,389, down from S$9,810 in the last exercise.

A total of 4,384 bids were received, with a quota of 3,149 COEs available.

Source: CNA/rk

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