The premiums in the commercial vehicle, motorcycle and Open categories are all up in July’s second round of bidding
[SINGAPORE] Premiums for the two passenger car categories – A and B – of Certificates of Entitlement (COEs) remained almost entirely flat in July’s second round of bidding, while all other categories posted gains.
The mass-market car category, A, remained the same at S$101,102, while the large-car category, B, dipped just 0.4 per cent or S$499 to S$119,101.
The Category A COE is for mainstream cars with engines of up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
The Category B COE applies to larger, more powerful cars with engines of more than 1,600 cubic centimetres (cc) in capacity or with more than 97 kilowatts (kW) of power, or to electric vehicles (EVs) with more than 110 kW of power.
The premium for Category C, applicable to commercial vehicles and buses, posted the largest increase in this round: It was up 2.9 per cent or S$1,911 to S$68,600.
The premium for Category D, which is used for motorcycles, rose 1.3 per cent, or S$122, to S$9,511.
Category E, the open category, which can be used to register any type of motor vehicle except for motorcycles, was up 1.3 per cent or S$1,500 to S$120,000.
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