SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise that ended on Wednesday (Aug 6).
For Category A, which is for smaller cars, premiums closed at S$102,009 (US$79,247), up from S$101,102 in the last tender.
Premiums for larger and more powerful cars in Category B rose 3.7 per cent from S$119,101 to S$123,498. The last time the price was higher in this category was in December 2023.
Open category COEs, which are used mainly for large cars, rose from S$120,000 to S$122,334.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$70,001 from S$68,600 in the previous bidding exercise.
Motorcycle premiums closed at S$9,189, down from S$9,511 in the last exercise.
A total of 4,592 bids were received, with a quota of 3,141 COEs available.
