Category A COE premium dips to $131,890 in second September bidding

It recorded 1,191 successful bids out of 1,507 received.

The Category A Certificate of Entitlement (COE) premium fell to $131,890 in the second bidding exercise for September, down from $133,009, according to the Land Transport Authority.

The exercise, which closed on 23 September, had a quota of 1,193 for the category. It received 1,507 bids, of which 1,191 were successful.

Category A covers non-fully electric cars with engines of up to 1,600 cc and maximum power output of up to 97 kW, as well as fully electric cars with maximum power output of up to 110 kW.

For Category B cars, the COE premium stood at $133,000, with 1,135 bids received for a quota of 927. A total of 925 bids were successful.

Category E, which is open to all vehicles except motorcycles, recorded a premium of $137,000. It received 431 bids for a quota of 269, with 253 successful bids.

The premium for Category C, covering goods vehicles and buses, was $92,144, whilst the Category D motorcycle premium stood at $12,201.

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