COE premiums for cars go up in latest bidding exercise

COE premiums for cars go up in latest bidding exercise

File photo of traffic in Singapore. (Photo: AFP/Roslan Rahman)
SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Aug 8).For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$33,798, up from S$32,699 in the last exercise. 
Premiums for larger and more powerful cars in Category B rose to S$34,381 from S$32,551.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$33,420 from S$32,809.Motorcycle premiums closed at S$5,514, down from S$6,189 in the last exercise.COEs for commercial vehicles, which include goods vehicles and buses, fell to S$30,389 from S$30,889 in the previous bidding exercise.
A total of 8,418 bids were received, with a quota of 4,697 COEs available. 
Source: CNA/na/(gs)