COE prices close mostly lower except for Category B
File photo of cars and other vehicles on a highway in Singapore. (Photo: CNA/Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Dec 21).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$88,007, down from S$88,503 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$108,006 from S$105,501.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$109,600 from S$110,524.
COE prices for commercial vehicles, which include goods vehicles and buses, fell to S$78,200 from S$81,501 in the previous bidding exercise.
Motorcycle premiums closed at S$11,690, down from S$12,100 in the last exercise. This is the third successive dip, after 12 consecutive increases that first started on May 19.
A total of 2,249 bids were received, with a quota of 1,562 COEs available
