SINGAPORE: Certificate of Entitlement (COE) premiums for motorcycles continued to rise to a new high, while prices in other categories closed lower in the latest bidding exercise on Wednesday (Oct 5).
Premiums for motorcycles closed at S$11,751, breaking the previous record of $11,589 set in the earlier bidding exercise last month.
This marks the 10th successive tender where motorcycle premiums have risen. The upward trend started with the bidding exercise on May 19 when premiums rose by a dollar to S$9,490.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$80,501, down from S$84,000 in the last exercise.
Premiums for larger and more powerful cars in Category B meanwhile fell to S$95,856 from S$108,051.
For the Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, prices fell to S$105,001 from S$107,201.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$65,991 from S$67,001 in the previous bidding exercise.
A total of 2,363 bids were received, with a quota of 1,806 COEs available.
This is the fifth tender under the revised method for counting the quarterly COE quota, aimed at reducing volatility in supply.
Under the adjusted counting method, the COE supply will be based on a rolling average of vehicle deregistrations over two quarters instead of one.