Small car COE premiums down in February

Premiums were down to $48,401.

Certificate of Entitlement (COE) premiums for small cars declined in the first open bidding exercise in February, the Land Transport Authority said. After receiving 6,081 bids, only 4,372 were successful.

Premiums for category A cars fall to $48,401, while those for category B went down to $48,209. Meanwhile, goods vehicles & buses clocked in higher at $48,901, while motorcycles premium inched up slightly to $6,412. Open category premiums were down to $48,556.

Below is the detailed results of the tender:

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