COEs for all vehicle categories surge in latest bidding exercise
By Mustafa Shafawi | Posted: 24 March 2010 1721 hrs
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SINGAPORE : COE premiums for vehicles across all categories surged in the latest bidding exercise that ended on Wednesday.
The highest increase was in the Open category, where premiums jumped S$14,411 to S$42,001.
COEs for big cars rose S$9,700 to S$36,089.
Premiums for small cars jumped S$7,587 to S$28,389.
COEs for commercial vehicles rose S$5,889 to S$32,890.
Motorcycle COEs rose S$41 to S$1,200.
This bidding exercise is the last under the current quota system.
From next month, a new system to determine COE quotas will kick in.
This will result in fewer COEs available monthly from April to July. - CNA/ms