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SINGAPORE: Certificate of Entitlement (COE) premiums closed higher across all categories in the latest bidding exercise on Wednesday (May 6).<\/p>\n
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$124,790 (US$98,150), up 1.45 per cent from S$123,010 in the last exercise – the sixth straight increase.<\/p>\n
Premiums for larger and more powerful cars in Category B rose by 4.33 per cent <\/strong>to S$126,236 from S$121,001.<\/p>\n COEs for commercial vehicles, which include goods vehicles and buses, closed 4.76 per cent higher at S$87,479, compared to S$83,501 in the previous bidding exercise.<\/p>\n This is the largest increase in percentage terms in this exercise and also the sixth consecutive increase in Category C premiums.<\/p>\n Motorcycle premiums closed at S$9,452, up 1.74 per cent from S$9,290 in the last exercise.<\/p>\n Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose by 2.16 per cent to S$127,700 from S$125,002.<\/p>\n A total of 5,042 bids were received, with a quota of 3,260 COEs available.<\/p>\n<\/div>\n