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SINGAPORE NEWS 
COE prices for cars up sharply
Posted: 18 July 2012 1622 hrs
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Traffic in Singapore (Photo by: Hester Tan,
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SINGAPORE: Certificate of Entitlement (COE) premiums
rose across the board at the end of the latest bidding exercise on
Wednesday.
The sharpest increase was in Category A (cars 1,600cc and below and
taxis). Here, the premium rose 15.5 per cent or S$9,235 to
S$68,656.
This was followed by Category B (cars above 1,600cc), where the
premium rose nearly 10 per cent or S$8,212 to S$90,501.
In the Open Category, where the COEs can be used for any vehicle
type but which are used mostly for cars, the premium rose nearly 7
per cent or S$5,701 to hit S$92,700.
The COE prices for both commercial vehicles and motorcycles also
moved up. The premium for commercial vehicles went up S$249 to
S$55,805 while the premium for motorcycles increased S$99 to
S$1,859.
This latest round of bidding will be the final exercise before the
new quota numbers for the next six months (August to January 2013)
take effect.
The Land Transport Authority announced on July 12 that there will
be 3,226 COEs available per month in the next six months, which are
12.7 per cent fewer than the number for the last six
months.
