COE premiums close mostly lower in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Oct 7).For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$130,001 (US$101,600), down 1.43 per cent from S$131,890 in the last exercise.Premiums for larger and more powerful cars in Category B fell 2.18 per cent to S$130,100 from S$133,000.COEs for commercial vehicles, which include goods vehicles and buses, fell 0.28 per cent to S$91,889 from S$92,144 in the previous bidding exercise. Motorcycle premiums closed at S$11,012, down 9.75 per cent from S$12,201 in the last exercise.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, closed unchanged at S$137,000.A total of 4,248 bids were received, with a quota of 3,270 COEs available.The COE quota for August to October stands at 19,085 – up 0.2 per cent from the previous quarter.