Category A COE prices rise further to close at highest in more than 6 years

SINGAPORE: Certificate of Entitlement (COE) premiums closed principally greater in the most recent bidding train on Wednesday (Dec 8), with Category A prices rising to the highest in more than six years.Premiums for Category A vehicles, or these 1,600cc and under with horsepower not exceeding 130bhp, closed at S$57,010, a rise of three.6 per cent from S$55,001 in the final tender. This is the highest since November 2015.Premiums for bigger and more highly effective vehicles in Category B rose to S$80,401 from S$79,601.COEs for industrial autos, which embrace items autos and buses, rose to S$45,000 from S$43,502 in the earlier bidding train.Motorcycle premiums closed at S$9,401, up from S$9,381.Open class COEs, which can be utilized for any car sort however find yourself getting used primarily for big vehicles, fell to S$85,000 from S$86,001.A whole of two,569 bids have been acquired, with a quota of 1,791 COEs obtainable.COE premiums have been on an upward development, with prices in Category B and the open class topping S$80,000 in the Oct 20 tender.