SINGAPORE: Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on Wednesday (Feb 17).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$41,001, down from S$42,000 in the last exercise.
AdvertisementAdvertisementPremiums for larger and more powerful cars in Category B fell to S$46,002 from S$46,790.
[h=3]READ: Budget 2021 - Petrol duty rates raised by up to 15 cents per litre[/h][h=3]READ: Budget 2021 - More incentives to encourage early adoption of electric vehicles[/h]COEs for commercial vehicles, which include goods vehicles and buses, fell to S$40,890 from S$45,001 in the previous bidding exercise.
AdvertisementAdvertisementMotorcycle premiums closed at S$7,500, down from S$7,506 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$47,506 from S$49,778.
A total of 4,036 bids were received, with a quota of 2,962 COEs available.
Let's block ads! (Why?)
More...