COEs close mostly lower; small car premiums rise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Oct 5).

For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$51,507, up from S$50,000 two weeks ago.

Meanwhile, premiums for larger and more powerful cars in Category B fell to S$53,001 from S$55,501. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$54,200 from S$55,201.

Motorcycle premiums closed at S$6,353, down from S$6,501 in the last exercise.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$48,702 from S$49,890 in the previous bidding exercise.

6,095 bids were received, with a quota of 4,413 COEs available.