COE premiums up for cars, dip for motorcycles and goods vehicles

COE premiums up for cars, dip for motorcycles and goods vehicles

File photo of vehicles on Singapore roads. (Photo: Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Jul 18).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$32,699, up from S$25,000 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$32,551 from S$31,000.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$32,809 from S$31,001.
Motorcycle premiums closed at S$6,189, down from S$6,514 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$30,889 from S$31,092 in the previous bidding exercise.
A total of 7,411 bids were received, with a quota of 4,143 COEs available.
Source: CNA/na