COE premium for big cars spiked 27% to $73,900

After dropping big-time in the previous exercise.

According to LTA, they received 3,444 bids at the end of the March second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,682 were successful.

COE premiums for small cars dropped by 14% to $64,209 versus last exercise's $74,689.

Those for big cars went up 27% to $73,900 from $58,090.

Premiums for motorcycles also edged up by a mere $14 to $1,909, from $1,895.

COE results for previous bidding exercises can be found on the “Facts and Figures” section of the One.Motoring website (https://www.onemotoring.com.sg).

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this bidding exercise upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 30 September 2013. The transferable TCOEs will be valid till 30 June 2013. TCOEs issued to companies are not transferable.