29 Mar '17, 8am

COE premiums for motorcycles break record again

SINGAPORE: Certificate of Entitlement (COE) premiums ended mostly higher in the latest bidding exercise on Wednesday (Mar 29). Motorcycle premiums closed at S$8,081, a record high compared to the S$7,483 in the last exercise . COE prices for cars went up as well. Category A premiums - for cars up to 1,600cc and 130bhp - closed at S$51,765, up from S$50,789 in the previous bidding exercise. Premiums for larger and more powerful cars in Category B saw a rise, closing at S$54,000, up from S$53,300 last month. Open category COEs, which can be used for any vehicle type but are mainly used for big cars, closed at S$54,501, up from S$53,001. COEs for commercial vehicles, which includes goods vehicles and buses, fell to S$47,036 from S$49,002 in the last exercise. A total of 6,529 bids were received in this round of bidding, with a quota of 4,471 COEs available.

Full article: http://www.channelnewsasia.com/news/singapore/coe-premium...

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