SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Apr 19), with prices for cars in Category A and B breaking records for the third consecutive tender.
Premiums for Category A, which is for smaller cars, closed at S$103,721 (US$77,693), up by S$7,220 from the previous high of S$96,501 on Apr 5. This is a 7.5 per cent jump – the largest increase among the categories on Wednesday.
Premiums for larger and more powerful cars in Category B rose to S$120,889 from S$118,501 – a 2 per cent increase.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$124,501, exceeding its previous all-time high of S$118,990 by about 4.6 per cent.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$75,334 from S$76,801 in the previous bidding exercise.
Motorcycle premiums closed at S$12,179, up from S$12,001 in the last exercise.
A total of 2,181 bids were received, with a quota of 1,590 COEs available.