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SINGAPORE: Certificate of Entitlement (COE) premiums rose across all categories in the latest bidding exercise on Wednesday (Mar 4).
For Category A cars, premiums closed at S$108,220 (US$84,738), up from S$106,501 in the last exercise.
Premiums for larger and more powerful cars in Category B rose the most, from S$105,001 to S$114,002.
Open category COEs, which are used mainly for large cars, rose to S$114,890 from S$112,890.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$76,000 from S$74,999 in the previous bidding exercise.
Motorcycle premiums closed at S$8,602, up from S$7,989 in the last exercise.
A total of 4,668 bids were received, with a quota of 3,163 COEs available.
This is the second COE exercise to fall under the revised Preferential Additional Registration Fee (PARF) rebate scheme announced in the recent Budget.
Rebate rates will be reduced by 45 percentage points across the board, while the rebate cap will be halved from S$60,000 (US$47,000) to S$30,000.
PARF rebates are granted when a car is deregistered before the 10-year COE runs out.
Source: CNA/fh
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FAST
SINGAPORE: Certificate of Entitlement (COE) premiums rose across all categories in the latest bidding exercise on Wednesday (Mar 4).
For Category A cars, premiums closed at S$108,220 (US$84,738), up from S$106,501 in the last exercise.
Premiums for larger and more powerful cars in Category B rose the most, from S$105,001 to S$114,002.
Open category COEs, which are used mainly for large cars, rose to S$114,890 from S$112,890.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$76,000 from S$74,999 in the previous bidding exercise.
Motorcycle premiums closed at S$8,602, up from S$7,989 in the last exercise.
A total of 4,668 bids were received, with a quota of 3,163 COEs available.
This is the second COE exercise to fall under the revised Preferential Additional Registration Fee (PARF) rebate scheme announced in the recent Budget.
Rebate rates will be reduced by 45 percentage points across the board, while the rebate cap will be halved from S$60,000 (US$47,000) to S$30,000.
PARF rebates are granted when a car is deregistered before the 10-year COE runs out.
Source: CNA/fh
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