COE prices close mostly lower; Category B down by nearly S$10,000

COE prices close mostly lower; Category B down by nearly S$10,000

SINGAPORE: On Wednesday ( Feb 7 ), Certificate of Entitlement ( COE ) premiums closed largely lower in the most recent bidding exercise.

Prices for Category A vehicles, or those with power no higher than 130 bhp, closed at S$ 79, 000, along from S$ 81, 589 in the previous exercise.

In Category B, prices for bigger, more potent vehicles decreased from S$ 112, 000 to S$ 102,338.

Professional vehicle COEs, which include products automobiles and buses, increased from S$ 68,001 in the previous bidding exercise to S$ 72, 001.

Motorcycle rates decreased from S$ 9, 309 in the previous exercising to close at S$ 9, 290.

Open class Submissions, which can be applied to any kind of vehicle but are typically used on large vehicles, decreased from S$ 109, 004 to S$ 100, 101.

There were 4, 482 bids received in full, with a limit of 2,482 COEs available.