TRANSPORT & LOGISTICS | Staff Reporter, Singapore

COE prices closed lower in latest bidding exercise

Category B vehicles saw the biggest premium decline of $3,822 to $35,906.

Certificate of entitlement (COE) premiums closed lower in the latest bidding exercise, an announcement revealed.

Also read: COE prices closed mostly lower in latest bidding exercise

Premiums for Category B vehicles, which are larger and more powerful, saw the largest dip of $3,822 from the last bidding exercise to $35,906. A total of 1,418 bids were reported.

Category A, or cars up to 1600cc and 130bhp, saw a decline of $3,010 with premiums closing at $26,999 from $30,009 earlier in June. That said, it received the highest amount of bids at 1,742.

COEs for commercial vehicles and buses under Category C saw a $1 drop in premiums, slipping to $25,501 in the last bidding exercise.

Motorcycle COEs closed at $3,000, down from $3,090 in the last exercise.

Meanwhile, prices for open category COEs which can be used for any vehicle type declined $2,602 to $39,400.

A total of 5,490 bids were received in the latest bidding exercise. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.