COE premiums close lower across all categories

In the most recent bidding exercise on Wednesday ( Nov 6 ) on the last day of the month, Certificate of Entitlement ( COE ) premiums closed lower across all categories.

For all types, rates have dropped for the second time in a row in this practice. &nbsp,

For Category A cars, or those 1, 600cc and below with horsepower not exceeding 130bhp, premiums closed at S$ 99, 889 ( US$ 75, 110 ), down from S$ 102, 900 in the last exercise.

Prices for larger and more powerful vehicles in Category B had the largest increases, falling to S$ 108, 001 from S$ 113, 890.

COEs for corporate cars, which include items cars and trucks, fell to S$ 68, 340 from S$ 72, 939 in the previous selling practice.

Motorcycle prices closed at S$ 9, 089, along from S$ 9, 589 in the last workout.

Open class Submissions, which can be used for any car form but usually being used primarily for huge cars, fell to S$ 109, 000 from S$ 114, 700.

A full of 3, 661 proposals were received, with a limit of 2, 681 COEs accessible.