COE prices close mixed in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Aug 21).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$93,900 (US$71,800), down from S$94,289 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$105,889 from S$106,101.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$72,400 from S$71,100 in the previous bidding exercise.
Motorcycle premiums closed at S$9,310, down from S$9,601 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$106,001 from S$105,239.
A total of 3,596 bids were received, with a quota of 2,576 COEs available.
The Land Transport Authority (LTA) announced in July that the supply of COEs for the August to October period will go up by 1 per cent compared with the previous quarter. 
There will be a total of 15,283 COEs, an increase from 15,104 in the previous quarter.
The quota for Category A will go up by 1.5 per cent, while COEs in Category B will rise by 0.9 per cent. 
For Category C, the COE supply will increase by 5.4 per cent.
COEs for vehicles in the Open category, also known as Category E, will see a 1.2 per cent decrease. 
The quota for motorcycles in Category D will remain unchanged.