SINGAPORE: Certificate of Entitlement (COE) premiums ended mostly lower among the five categories on Wednesday (Mar 23) in the latest bidding exercise. For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$45,504, up from S$45,000 in the previous exercise. Premiums for larger and more powerful cars in Category B fell by S$1,102, down from S$47,604 to S$46,502. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, decreased to S$46,667, from S$48,002. Motorcycle premiums recorded a rise of S$86, closing at S$6,589, up from S$6,503 in the last exercise. COEs for commercial vehicles, which include goods vehicles and buses, recorded the sharpest dip. It fell from S$48,890 to S$46,502, a decrease of S$2,388. A total of 7,894 bids were received, with a quota of 4,249 COEs available. - CNA/xk
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