Category A COE overtakes Category B, premiums down across the board
Vehicles travel along a road in Singapore on Mar 31, 2022. (File photo: Reuters/Caroline Chia)
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SINGAPORE: Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on Wednesday (Jun 17).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$123,847, down from S$126,009 in the last exercise.
Category A premiums were priced higher than those for larger and more powerful cars in Category B, which fell to S$123,502 from S$126,989.
COEs for commercial vehicles, which include goods vehicles and buses, dropped to S$93,001 from S$94,000 in the previous bidding exercise.
Motorcycle premiums closed at S$9,989, down from S$10,000 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, held steady at S$129,002 from S$129,000.
A total of 4,462 bids were received, with a quota of 3,219 COEs available.
Source: CNA/rk
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