All COE premiums down in first bidding for September

Declines were recorded for the second consecutive bidding.

Certificate of Entitlement (COE) premiums fell across the board during the close of the latest bidding exercise.

For Category A cars (up to 1600cc & 97kW), premiums fell to $30,209 from $31,997. Premiums for Category B cars (above 1600cc or 97kW), premiums fell to $32,001 from $32,429.

COEs for motorcycles closed at $4,390, down from $4,889 in the previous bidding exercise. Meanwhile, COEs for commercial vehicles, which include goods vehicles and buses, fell to $27,001 from $29,902.

Lastly, premiums for cars in the open category fell to $31,801 from $32,311.

There were a total of 7,278 bids received, with a quota of 4,738 COEs available.