COE prices closed with mixed results in latest May exercise

Category A vehicles saw the highest premium increase of $3,505.

Certificate of entitlement (COE) premiums closed with mixed results in the latest bidding exercise in May, an announcement revealed.

Also read: COE supply to fall by 3.5% by May-July

Category A, or cars up to 1600cc and 130bhp, recorded the largest increase of $3,505 with premiums closing at $36,704. It also received the highest amount of bids at 1,988.

Premiums for Category B vehicles which are larger and more powerful edged up $10 from the last bidding exercise to $48,010. A total of 1,360 bids were also reported.

Meanwhile, open category COEs which can be used for any vehicle type increased $92 to $52,502.

Commercial vehicles and buses under Category C saw a $3,442 drop in premiums, declining to $28,559 from $32,001 in the last bidding exercise. Motorcycle COEs also dropped $100, closing at $3,352.

A total of 5,625 bids were received in the latest bidding exercise.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia