COE premiums close mostly higher

SINGAPORE – Certificate of Entitlement (COE) premiums rose for all categories except for small cars in the latest bidding exercise today (Jan 21).

Premiums for small cars (up to 1,600cc and 97kW) fell S$65,001, down from S$66,010 in the previous exercise. Premiums for big cars (above 1,600cc and 97kW) closed higher at $76,889, up from S$75,289.

COE premiums for commercial vehicles, which include goods vehicles and buses, rose slightly to S$55,012 from S$55,011.

Premiums rose 11 per cent — the sharpest in this bidding exercise — for motorcycles. It jumped from S$4,403 to $4,889.

The Land Transport Authority (LTA) received a total of 3,170 bids at the end of the January second open bidding exercise, with a quota of 2,051 COEs available. Of these bids, 2,024 were successful.