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COE premiums rise across all categories

LaksaNews

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SINGAPORE: Certificate of Entitlement (COE) premiums closed higher across all categories in the latest bidding exercise on Wednesday (Mar 18).

For smaller cars in Category A, premiums closed at S$111,890, up from S$108,220 in the last exercise, hitting their highest level since October last year.

Premiums for larger and more powerful cars in Category B rose to S$115,568 from S$114,002.

COEs for commercial vehicles, which include goods vehicles and buses, were up at S$78,000 from S$76,000 in the previous bidding exercise.

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Motorcycle premiums closed 11.5 per cent higher at S$9,589, up from S$8,602 in the last exercise.

Open category COEs, which are used mainly for large cars, rose to S$118,119 from S$114,890.

A total of 4,666 bids were received, with a quota of 3,158 COEs available.

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