COE premiums end mixed in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Aug 3).

Premiums for Category A cars – those 1600cc and below with horsepower not exceeding 130bhp, – closed at S$52,503, down from S$53,000 two weeks ago.

Premiums for larger and more powerful cars in Category B rose from S$57,508 to S$57,903.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose from S$57,501 to S$58,201.

Motorcycle premiums closed at S$6,206, down from S$6,302 in the last exercise.

COE premiums for commercial vehicles, which include goods vehicles and buses, fell to S$48,302 from S$49,890 in the previous bidding exercise.

A total of 6,281 bids were received, with a quota of 4,363 COEs available.