SINGAPORE: Certificate of Entitlement (COE) premiums closed broadly higher prices in Wednesday’s most recent bidding round (March 20).
Premiums for Category A automobiles (1,600cc and less) with horsepower under 130bhp closed at S$85,489 (US$63,630), up from S$83,000. In the last bidding exercise, COEs for commercial vehicles (goods vehicles and buses) decreased to S$70,112 from S$75,599.
Motorcycle premiums ended at S$9,689, up from S$9,400 in the previous exercise.
Open category COEs, which can be used for any vehicle type but are typically utilized for large cars, increased to S$95,856 from S$95,010.
A total of 4,186 bids were received, with a quota of 2,472 COEs available.
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