SINGAPORE: Certificate of Entitlement (COE) premiums for Category B hit a new high in the latest bidding exercise on Wednesday (Jun 21).
Prices for the category, which is for larger and more powerful cars, rose to S$121,000 (US$90,030) from S$120,702, surpassing the previous record of S$120,889 set on Apr 19.
Premiums for Category A, which is for smaller cars, closed at S$96,206, down from S$98,001 in the previous tender.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$123,000 from S$120,889.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$83,140 from S$81,801 in the previous bidding exercise.
Motorcycle premiums closed at S$10,709, down from S$11,001.
A total of 2,659 bids were received, with a quota of 1,807 COEs available.