COE prices close mostly higher; motorcycle premiums fall after new measures

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SINGAPORE: Certificate of Entitlement (COE) prices rose throughout all classes on Wednesday (Mar 23) aside from motorcycle premiums, which fell after new measures had been launched ranging from this tender.

Motorcycle premiums reached file highs in current months, prompting the Land Transport Authority (LTA) to boost the bid deposit for this class to “encourage prudent bidding behaviour”. LTA additionally shortened the validity of non permanent COEs for bikes from six months to a few months. 

In the most recent bidding train, motorcycle premiums closed at S$10,501, down 7.9 per cent from a file S$11,400 within the earlier tender.

For Category A vehicles – or these 1,600cc and beneath with horsepower not exceeding 130bhp – premiums closed at S$71,556, up from S$68,501 within the earlier train.  

Premiums for bigger and extra highly effective vehicles in Category B rose to S$98,889, surpassing the file S$94,889 within the earlier spherical of bidding. 

For the Open class, which can be utilized for any automobile sort however often find yourself getting used for giant vehicles, prices went up from S$98,890 to S$99,010. 

COEs for industrial automobiles, which embrace items automobiles and buses, rose to S$51,504, up from S$48,889 within the earlier spherical of bidding. 

A complete of two,758 bids had been obtained, with a quota of 1,778 COEs obtainable.

COE prices close mostly higher; motorcycle premiums fall after new measures

Source : channelnewsasia.com

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