SINGAPORE: The Certificate associated with Entitlement (COE) superior for the Open Class hit an perfect high of S$114, 001 on Wednesday (Jul 20).
This broke the record of S$110, 524 from the last bidding exercise which usually closed on Jul 6.
The particular Jul 6 physique surpassed the previous report set 28 years ago, when prices in the then-Category Four category reached S$110, five hundred in December 1994.
Open Category COEs can be used for any vehicle type but become used mainly just for large cars.
Premiums in all the some other categories also went up.
For Class A cars — or those one, 600cc and beneath with horsepower not exceeding 130bhp – premiums closed at S$78, 899, upward from S$78, 001 in the last exercise.
Premiums for larger and more powerful vehicles in Category N meanwhile rose to S$110, 003 through S$107, 800.
Motorcycle premiums closed at S$10, 910, up from S$10, 889 in the previous bidding exercise.
COEs for commercial vehicles, which include goods automobiles and buses, improved to S$54, 889 from S$54, 001.
A total associated with 2, 750 bids were received, having a quota of this year COEs available.
COE prices have already been on an upward tendency, with premiums meant for Category B as well as the Open Category crossing the S$100, 1000 mark on Jun 8.