Small car COE premium rises to $133,000 in September bidding

It recorded 1,152 successful bids out of 1,708 received.

The Category A Certificate of Entitlement (COE) premium reached $133,009 in the first bidding exercise for September, according to the Land Transport Authority.

The category, which covers smaller and lower-powered cars, had a quota of 1,195 COEs.

Out of the 1,708 bids received, 1,152 were successful, 556 were unsuccessful, and 43 COEs were left unused.

Category B, which covers larger and more powerful cars, recorded a premium of $135,001. The category received 1,333 bids for a quota of 934, with 910 successful applications.

The open Category E posted the highest premium amongst the five categories at $137,890. All 300 available COEs were taken up after 513 bids were submitted.

For goods vehicles and buses under Category C, the premium stood at $93,101. The category had 310 COEs available and received 565 bids, of which 306 were successful.

Motorcycle premiums under Category D reached $12,556, with 495 successful bids out of 657 applications against a quota of 514.

The first bidding exercise ended on 9 September.

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