SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (May 20), except for Category A prices, which fell for the first time after six consecutive increases.
Premiums for larger and more powerful cars in Category B rose 2.59 per cent to S$129,501 (US$101,075) from S$126,236, representing a six-month high. The last time such premiums crossed the S$129,000 mark was in November last year, when Category B closed at S$129,890.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums fell 0.45 per cent to close at S$124,229, down from S$124,790 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, climbed 5.42 per cent to S$92,223 from S$87,479 in the previous bidding exercise.
