SINGAPORE: Certificate of Entitlement premiums for commercial vehicles, which come under Category C, rose by about S$8,000 to a record S$85,119 on Wednesday .The bidding exercise that closed on Wednesday is the first under a new quota, computed based on a
Premiums closed mixed, with Category A cars - or those 1,600cc and below with horsepower not exceeding 130bhp - ending at S$86,000, unchanged from the previous tender.For Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, prices fell to S$105,002 from S$107,000.A total of 2,174 bids were received, with a quota of 1,589 COEs available.
Under the new quota that covers the February to April period, there is a 3.4 per cent increase in the overall supply from the previous quarter.
Source: Car News Wire (carnewswire.net)
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