COE prices close mostly higher; Category A premiums rise to more than S$128,500
Category A premiums closed higher for the first time in three exercises.
A view of traffic in Singapore. (File photo: CNA/Lan Yu)
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SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Aug 19).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, prices rose for the first time in three exercises.
They closed at S$128,501, up 3.7 per cent from S$123,890 in the last exercise.
Premiums for larger and more powerful cars in Category B rose by 0.8 per cent to S$131,001 from S$129,910.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$90,002 from S$91,545 in the previous bidding exercise, a fall of 1.7 per cent.
Motorcycle premiums closed 7.6 per cent higher at S$11,301, up from S$10,503.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose for the fifth straight exercise by 3 per cent - from S$131,000 to S$135,000.
A total of 4,515 bids were received, with a quota of 3,205 COEs available.
The quota for COEs for the August to October period has been raised slightly to 19,085, a 0.2 per cent increase from the previous quarter's 19,052 COEs.
