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COE premiums for motorcycles close at record S$10,000 as prices rise across the board


The_King

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SINGAPORE: Certificate of Entitlement (COE) premiums for motorcycles hit a record high in the last bidding exercise of the November-January quarter as prices went up across all categories on Wednesday (Jan 19). 

Motorcycle premiums closed at S$10,000, up from the previous mark of S$9,689 recorded two weeks ago and in September 2021.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$57,898, up from S$57,599 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to S$82,001 from S$77,700.

COEs for commercial vehicles, which include goods vehicles and buses, increased to S$43,001 from S$42,200 in the previous bidding exercise.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$83,911 from S$82,501.

A total of 2,513 bids were received, with a quota of 1,775 COEs available.

This is the last bidding exercise under the current quota for the quarter.

For February to April, the quota is at an eight-year low as the Government maintains Singapore's vehicle growth rate at zero until Jan 31, 2025.

Source: CNA/gs(gr)
  • wtf 2
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2 hours ago, chamfer said:

Must be a lot of pple are turning to food delivery or parcel delivery jobs as bikes are the faster method of delivery in terms of econmony (less fuel consumption,cheaper parking fee etc)

 

While the lightning gang only care abt huat

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