Car COEs close lower in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Sep 21).

For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$50,000, down from S$51,506 two weeks ago. Premiums for larger and more powerful cars in Category B fell to S$55,501 from S$57,002.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, slid to S$55,201 from S$56,889.

Motorcycle premiums closed at S$6,501, up from S$6,452 in the last exercise.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$49,890 from S$49,801 in the previous bidding exercise.

A total of 5,934 bids were received, with a quota of 4,355 COEs available.