Singapore

COE prices close mostly higher; Category A premiums rise to more than S$128,500

Category A premiums closed higher for the first time in three exercises.

New: You can now listen to articles.

This audio is generated by an AI tool.

Read a summary of this article on FAST.

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Aug 19).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, prices rose for the first time in three exercises. 

They closed at S$128,501, up 3.7 per cent from S$123,890 in the last exercise.

Premiums for larger and more powerful cars in Category B rose by 0.8 per cent to S$131,001 from S$129,910.

Show More

Show Less

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$90,002 from S$91,545 in the previous bidding exercise, a fall of 1.7 per cent.

Motorcycle premiums closed 7.6 per cent higher at S$11,301, up from S$10,503.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose for the fifth straight exercise by 3 per cent – from S$131,000 to S$135,000.

A total of 4,515 bids were received, with a quota of 3,205 COEs available.

The quota for COEs for the August to October period has been raised slightly to 19,085, a 0.2 per cent increase from the previous quarter’s 19,052 COEs.

Source: CNA/co/nh(gr)

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

About The Author

admin

See author's posts