COE prices close mostly lower in latest bidding exercise

File photo of cars and other vehicles at a traffic junction in Singapore

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly lower in the latest bidding exercise on Wednesday (Jul 22).

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$32,699, down from S$33,520 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to S$35,001 from S$35,889.

COEs for commercial vehicles, which include goods vehicles and buses, fell to S$23,888 from S$24,502 in the previous bidding exercise.

Motorcycle premiums closed at S$6,510, down from S$7,702 in the last exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$35,001 from S$34,989.

A total of 7,810 bids were received, with a quota of 4,449 COEs available.

COE bidding exercises were suspended in April when Singapore entered its “circuit breaker” period, with the first bidding exercise since the suspension held on Jul 8.

Z24 News

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Germany cracks down on slaughterhouse sub-contracting to fight COVID-19

Wed Jul 22 , 2020
BERLIN: Germany is introducing a new law compelling meatpackers to employ staff directly in industrial abattoirs rather than sub-contracting to avert further coronavirus outbreaks exacerbated by poor working conditions, a draft law showed on Wednesday (Jul 22). German slaughterhouses have faced criticism for the widespread use of sub-contracted migrant workers […]

Share

Social menu is not set. You need to create menu and assign it to Social Menu on Menu Settings.