COE premiums close mixed in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Sep 7).

For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$51,506, down from S$53,334 during the last bidding exercise on Aug 17. Premiums for larger and more powerful cars in Category B rose to S$57,002 from S$56,500.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, slipped to S$56,889 from S$56,956.

Motorcycle premiums closed at S$6,452, up from S$6,352 in the last exercise.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$49,801 from S$48,001 in the previous bidding exercise.

A total of 6,426 bids were received, with a quota of 4,434 COEs available.