COE premiums for Cat A and B up, but Cat E premium falls

CERTIFICATE of Entitlement (COE) premiums for passenger cars mostly halted their slide in the first round of bidding for August on Wednesday, even with a larger COE quota kicking in.

Category A, for cars below 1,600cc and 130hp, inched up S$320 to S$56,209.

A bigger increase was seen in Cat B, for cars above 1,600cc or 130hp, with the premium coming in S$2,680 higher at S$60,789.

In the last round of bidding, both categories' premiums were at their lowest for the first seven months of this year.

However, the COE premium for Cat E, the open category which currently tracks Cat B, fell S$2,216 to S$57,885.

The latest round of bidding is the first one since the larger COE quota came into effect for the August-October period, with an allowance of 21,845 COEs, or 7,281 each month.

COE premiums for goods vehicles and buses, in Category C, slipped S$700 to S$49,302, while premiums for motorcycles - Cat D - fell S$111 to S$6,201.