SINGAPORE: On Thursday, May 4, the first bid period under the new quota for the quarter, Certificate of Entitlement( COE ) premiums closed largely lower and nbsp.
Smaller car rates for Category A closed at S$ 101, 001 ( US$ 76 037 ), a decrease from S$ 103, 721. & nbsp,
In Category B, rates for bigger, more potent vehicles decreased from Mho$ 120, 889 to S$ 119, 399.
Open category COEs, which can be applied to any kind of vehicle but are typically used on large vehicles, already decreased from S$ 124, 501 to S$ 124, 020.
In the previous selling exercise, Submissions for corporate vehicles, including goods vehicles and buses, increased from S$ 75, 334 to S$ 75, 589.
In the most recent exercise, motorcycle rates closed at Mho$ 5, 002, which is more than half of Mho$ 12, 179.
There were 2, 226 complete requests received, with a 1, 621 COE limit.
The COE quota for May through July is 9, 575, an increase of 1.5 % over the & nbsp’s previous quarter overall.
Additionally, this is the first stamp involving new motorcycle regulations, necessitating a higher pay payment of S$ 1,500, up from S$ 800 earlier. Additionally, the bicycle temporary COEs’ accuracy period has been reduced from three weeks to one month.