SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across most categories in the latest bidding exercise on Wednesday (Nov 20), with prices for Category A cars falling by 10 per cent.
Premiums for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, closed at S$89,889 (US$67,000), down from S$99,889 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$105,081 from S$108,001.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$69,000 from S$68,340 in the previous bidding exercise.
Motorcycle premiums closed at S$8,669, down from S$9,089 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$107,501 from S$109,000.
A total of 3,507 bids were received, with a quota of 2,657 COEs available.
Source: CNA
