COE premiums close lower in latest bidding exercise

COE premiums close lower in latest bidding exercise

File photo of traffic in Singapore. (Photo: AFP/Roslan Rahman)
SINGAPORE: Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on Wednesday (Mar 21).For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$38,000, down from S$38,830 in the last exercise. Premiums for larger and more powerful cars in Category B fell to S$37,010 from S$39,001.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$38,000 from S$39,000.Motorcycle premiums closed at S$7,602, down from S$8,009 in the last exercise.COEs for commercial vehicles, which include goods vehicles and buses, fell to S$35,001 from S$36,003 in the previous bidding exercise.
A total of 5,914 bids were received, with a quota of 4,301 COEs available.
Source: CNA/am
Source : http://www.channelnewsasia.com/news/singapore/coe-premiums-close-lower-in-latest-bidding-exercise-10062934