COE premiums close higher in latest bidding exercise

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In: South-East Asia

In the most recent bidding exercise, on Wednesday ( Aug 7 ), Certificate of Entitlement ( COE ) premiums closed higher. &nbsp,

For Category A cars, or those 1, 600cc and below with horsepower not exceeding 130bhp, premiums closed at S$ 94, 289 ( US$ 71, 000 ), up from S$ 91, 899 in the last exercise.

Prices for larger and more powerful vehicles in Category B rose to S$ 106, 101 from S$ 100, 000.

COEs for corporate cars, which include items cars and trucks, rose to S$ 71, 100 from S$ 70, 601 in the previous selling practice.

Motorcycle prices closed at S$ 9, 601, away from S$ 9, 089 in the last workout.

Open class Submissions, which can be used for any car form but end up being used primarily for large vehicles, rose to S$ 105, 239 from S$ 100, 341.

A full of 3, 953 requests were received, with a limit of 2, 589 COEs accessible.