COE premiums down across all categories except for motorcycles
SINGAPORE: Certificate of Entitlement (COE) prices fell across most categories in the latest bidding exercise on, Wednesday (Jun 4). with motorcycles the sole exception.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$96,999 (US$75,000), down from S$102,501 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$113,000 from S$116,988.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$62,000 from S$63,189.
Motorcycle premiums closed at S$9,000, up from S$8,707 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$113,900 from S$118,010.
A total of 4,045 bids were received, with a quota of 3,086 COEs available.
In April, the Land Transport Authority (LTA) announced that the COE quota for the May to July period would increase by more than 6 per cent compared to the previous quarter.
The total number of COEs will rise to 18,232, up from 17,133 in the last quarter, which already saw an 8 per cent increase.
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