COE premiums for big cars slipped 7.47% to $62,000

But that of small cars jumped to $62,497.

The Land Transport Authority (LTA) received 2,996 bids at the end of the April second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,564 were successful.

Category A (Cars 1,600cc and below) edged up 2.40% to $62,497 from last bidding's S$61,029, while Category B (Cars 1,601cc and above) fell 7.47% to $62,000 from last bidding's $67,010.

COE results for previous bidding exercises can be found on the “Facts and Figures” section of the One.Motoring website (https://www.onemotoring.com.sg). The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the April second open bidding exercise.

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this tender exercise upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 14 October 2013. The transferable TCOEs will be valid till 14 July 2013. TCOEs issued to companies are not transferable.

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