SINGAPORE: Certificate of Entitlement (COE) premiums closed higher on Wednesday (Jul 8) in the first bidding exercise since they were suspended because of COVID-19 restrictions.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$33,520, up from S$31,210 in the last exercise in March.
AdvertisementAdvertisementPremiums for larger and more powerful cars in Category B rose to S$35,889 from S$30,012.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$24,502 from S$22,002 in the previous bidding exercise.
Motorcycle premiums closed at S$7,702, up from S$4,489 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 to S$34,989 from S$32,500.
AdvertisementAdvertisementA total of 9,635 bids were received, with a quota of 4,382 COEs available.
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