COE premiums close higher for all categories in latest bidding exercise

In the most recent bidding exercise on Wednesday ( Sep 4), Certificate of Entitlement ( COE ) premiums closed higher.

For Category A vehicles, or those 1, 600cc and above with power never exceeding 130bhp, rates closed at S$ 96, 490, away from S$ 93, 900 in the last workout.

Prices for larger and more powerful vehicles in Category B rose to S$ 106, 300 from S$ 105, 889.

COEs for corporate cars, which include items cars and trucks, rose to S$ 74, 001 from S$ 72, 400 in the previous selling practice.

Motorcycle prices closed at S$ 9, 801, away from S$ 9, 310 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$ 106, 901 from S$ 106, 001.

A full of 3, 566 proposals were received, with a limit of 2, 562 COEs accessible.