SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across the board in the latest bidding exercise on Wednesday (Dec 7), with Category A falling after the previous round reached a near 10-year high.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$88,503, down from S$90,589 in the last exercise, where it exceeded the S$90,000 mark for the first time since January 2013.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$81,501 from S$81,802 in the previous bidding exercise.
The remaining categories saw a continued decrease from the Nov 9 bidding exercise, when the premiums closed at an all time high.
Premiums for Category B cars, or those above 1,600cc, fell to S$105,501 from S$113,881 in the previous round.
Motorcycle premiums closed at S$12,100, down from S$12,589 in the last exercise. This is the second successive dip, after 12 consecutive increases that first started on May 19.
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For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$88,503, down from S$90,589 in the last exercise, where it exceeded the S$90,000 mark for the first time since January 2013.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$81,501 from S$81,802 in the previous bidding exercise.
The remaining categories saw a continued decrease from the Nov 9 bidding exercise, when the premiums closed at an all time high.
Premiums for Category B cars, or those above 1,600cc, fell to S$105,501 from S$113,881 in the previous round.
Motorcycle premiums closed at S$12,100, down from S$12,589 in the last exercise. This is the second successive dip, after 12 consecutive increases that first started on May 19.
Continue reading...