COE prices close mostly higher, premiums for bigger cars top S$100,000 again
SINGAPORE: Certificate of Entitlement (COE) premiums closed largely greater for the second bidding exercise in a row, with handiest Category C costs for industrial autos falling on Wednesday (Apr 3).
For Category A autos, or those 1,600cc and beneath with horsepower not exceeding 130bhp, premiums closed at S$89,000 (US$65,831), up from S$85,489 in the final exercise.
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Premiums for elevated autos rose to above S$100,000 after staying beneath that threshold for quite a lot of tenders.
Category B costs seen the ideal form bigger this round, rising from S$96,011 to S$101,334.
Originate class COEs, which might moreover moreover be conventional for any automobile form but live up being conventional basically for orderly autos, rose to S$101,002 from S$95,856.
Bike premiums closed at S$10,000, up from S$9,689 within the final exercise.
COEs for industrial autos, which consist of goods autos and buses, fell to S$67,501 from S$70,112 within the previous bidding exercise.
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A complete of 4,438 bids were obtained, with a quota of 2,509 COEs accessible.
Source: Reuters
