Premiums for vehicles in the open category, which is used mostly for bigger cars, dropped by 0.88 per cent to S$113,000 — down from theLarge cars or fully electric cars with output over 110kW saw premiums go down from S$110,003 in the previous bidding exercise to S$107,001.
Premiums for small cars or fully electric cars with output of up to 110kW went up by 1.4 per cent to S$80,000.In the motorcycle category, premiums went up to S$11,000, compared to S$10,910 in the previous bidding exercise. Premiums for two categories — for large cars as well as in the open category — have been in the six-digit range since the tender exercises in June.for COE quotas which was aimed at reducing supply fluctuations.
Under the new method, the number of COEs available for bidding will be based on a rolling average of deregistrations over the last two quarters. Previously, the number of COEs available for bidding in each quarter was based on the number of vehicles deregistered in the previous quarter and a month’s lag time for processing and computation.The LTA said that under the previous counting method, the COE quota for this period would have been 9,394, or 11.2 per cent lower.Cat E : S$113,000
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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