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COE prices close mixed in latest bidding exercise

LaksaNews

Myth
Member
SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Sep 8).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$47,000, up from S$46,689 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to S$62,600 from S$61,001.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$40,001 from S$40,010 in the previous bidding exercise.

Motorcycle premiums closed at S$9,689, up from S$9,500 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$64,700 from S$64,901.

A total of 3,296 bids were received, with a quota of 2,368 COEs available.

For the August to October period, the COE quota is 13,984, the lowest figure in more than six years.

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