Certificate of Entitlement (COE) premiums closed lower in all categories in the latest bidding exercise on Wednesday (Nov 8), with Category B premiums dropping by S$40,000 (US$29,500).
Premiums for all car categories hit new highs in the last bidding exercise, however, premiums for Category B – for larger and more powerful cars – dropped by 26.7 percent to S$110,001 from S$150,001.
Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, also saw a significant drop, with premiums falling by 20.9 percent to S$125,011 from S$158,004.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$95,689, down from S$106,000 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$78,001 from S$84,790 in the previous bidding exercise.
Motorcycle premiums closed at S$10,889, down from S$11,201 in the last exercise.
A total of 3,133 bids were received, with a quota of 2,411 COEs available.
