COE prices close mixed in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Aug 21).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$93,900 (US$71,800), down from S$94,289 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$105,889 from S$106,101.

COEs for commercial vehicles, which include goods vehicles and buses, rose to S$72,400 from S$71,100 in the previous bidding exercise.

Motorcycle premiums closed at S$9,310, down from S$9,601 in the last exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$106,001 from S$105,239.

A total of 3,596 bids were received, with a quota of 2,576 COEs available.

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