COE premiums close mostly lower in latest bidding

COE premiums close mostly lower in latest bidding

File photo of traffic in Singapore. (Photo: Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (May 23).For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$38,001, down from S$38,941 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$37,989 from S$38,501.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$38,700 from S$38,600.Motorcycle premiums closed at S$7,115, down from S$7,204 in the last exercise.COEs for commercial vehicles, which include goods vehicles and buses, fell to S$29,901 from S$33,190 in the previous bidding exercise.
A total of 6,239 bids were received, with a quota of 4,189 COEs available.
Source: CNA/ad