SINGAPORE: Certificate of Entitlement premiums for Category B and Open Category hit new highs again in the latest bidding exercise on Wednesday .
Premiums for larger and more powerful cars in Category B rose to S$146,002 from S$140,889 in the last tender. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$152,000 from S$144,640 in the last round. On Sep 20, COE prices for larger cars in Category B and the Open Category topped S$140,000 for the first timeFor Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$104,000, down from a record S$105,000 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$85,900 from S$83,801 in the previous bidding exercise.A total of 2,795 bids were received, with a quota of 2,010 COEs available.Land Transport Authority announced that it would reallocate an additional 300 Category A COEs for OctoberThis marks a 24 per cent increase in the Category A quota available for the month. The two October bidding exercises will see an additional 150 COEs each.
Source: Car News Wire (carnewswire.net)
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