COE premiums close mostly lower in latest bidding exercise

COE premiums close mostly lower in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Dec 6).For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$42,339, down from S$46,791 in the last exercise.Premiums for larger and more powerful cars in Category B fell to S$53,711 from S$57,390.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$54,334 from S$57,501.Motorcycle premiums closed at S$6,552, up from S$5,992 in the last exercise.COEs for commercial vehicles, which include goods vehicles and buses, fell to S$42,000 from S$$57,701 in the previous bidding exercise.
A total of 6,039 bids was received, with a quota of 4,398 COEs available.
Source: CNA/hs
Source : http://www.channelnewsasia.com/news/singapore/coe-premiums-close-mostly-lower-in-latest-bidding-exercise-9472686