SINGAPORE: Certificate of Entitlement (COE) premiums for smaller cars climbed again in the latest bidding exercise on Wednesday (Dec 22), after reaching a six-year high in the previous exercise.
For Category A cars - or those 1,600cc and below with horsepower not exceeding 130bhp - premiums closed at S$58,801.
This is up from S$57,010 in the last exercise , which was the highest for the category since November 2015.
COE prices for the other categories closed mixed.
Premiums for larger and more powerful cars in Category B rose to S$80,989 from S$80,401.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$44,000 from S$45,000 in the previous bidding exercise.
Motorcycle premiums closed at S$9,601, up from S$9,401 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$83,889 from S$85,000.
A total of 2,522 bids were received, with a quota of 1,822 COEs available.
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For Category A cars - or those 1,600cc and below with horsepower not exceeding 130bhp - premiums closed at S$58,801.
This is up from S$57,010 in the last exercise , which was the highest for the category since November 2015.
COE prices for the other categories closed mixed.
Premiums for larger and more powerful cars in Category B rose to S$80,989 from S$80,401.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$44,000 from S$45,000 in the previous bidding exercise.
Motorcycle premiums closed at S$9,601, up from S$9,401 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$83,889 from S$85,000.
A total of 2,522 bids were received, with a quota of 1,822 COEs available.
Continue reading...