SINGAPORE — Certificate of Entitlement (COE) prices closed mostly lower at the end of the latest bidding exercise on Wednesday (Feb 7).

This came three weeks after premiums rose across the board in the last bidding exercise on Jan 17.

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went down by 3.17 per cent to S$79,000.

For large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW, premiums dropped from S$112,000 in the last bidding exercise to S$102,338.

For goods vehicles and buses, COE prices went up by 5.88 per cent to S$72,001.

In the motorcycle category, premiums lowered slightly to S$9,290, compared to S$9,309 in the previous bidding exercise.

And in the Open category, which can be used for any type of vehicles except motorcycles, premiums went down by 8.17 per cent to S$100,101.

A total of 4,482 bids were received, with a quota of 2,482 COEs available.

The COE quota for the February to April quarter was slightly increased by 2 per cent from the previous quarter, bringing the total supply of COEs to 14,707. 

NUMBERS AT A GLANCE:

Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$79,000 (down from S$81,589)

Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$102,338 (down from S$112,000)

Cat C (Goods vehicles and buses): S$72,001 (up from S$68,001)

Cat D (Motorcycles): S$9,290 (down from S$9,309)

Cat E (Open category): S$100,101 (down from S$109,004)