News
TRANSPORT & LOGISTICS | Staff Reporter, Singapore
view(s)

COE prices closed mostly lower in latest bidding exercise

The prices of category E vehicles saw the highest decline of $4,998 to $42,002.

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

Premiums for Category B vehicles, which are larger and more powerful, declined $2,386 from the last bidding exercise to $39,728. A total of 1,346 bids were also reported.

Commercial vehicles and buses under Category C saw a $1,898 drop in premiums from the last bidding exercise in May, declining to $25,502 from $27,400.

Motorcycle COEs closed at $3,090, down from $3,202 in the last exercise.

Meanwhile, prices for open category COEs, which can be used for any vehicle type, recorded the largest decline of $4,998 and closed at $42,002.

On the other hand, premiums of category A, or cars up to 1600cc and 130bhp, rose by $3,009 to close at $30,009 from $27,000. It also received the highest amount of bids at 1,902.

A total of 5,656 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.