SINGAPORE – Certificate of Entitlement (COE) premiums for big and small cars fell today (June 4) in the third bidding exercise since the increased COE quota, as premiums rose in other categories.

The premiums for small cars (up to 1,600cc and 97kW) fell 3.8 per cent to S$63,190 from S$65,689 in the last bidding exercise two weeks ago. Bids in this category went above 1,000 for the first time since March last year.

Premiums for big cars (above 1,600cc and 97kW) fell 1.2 per cent to S$67,304 from S$68,103. This is the fourth consecutive fall in premiums for COEs in this category.

For goods vehicles and buses, premiums rose to S$43,001, an increase of 5.2 per cent from S$40,889.

Motorcycle premiums closed at S$4,089, a 2.1 per cent increase from S$4,003 in the last exercise.

As for the Open category, where COEs can be used for any vehicle type but end up being used mainly for cars, premiums closed at S$67,334, an increase of less than 0.1 per cent from S$67,290 in the previous bidding exercise.

See how COE prices have changed over time: http://www.todayonline.com/singapore/coe-prices-over-years