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In the latest bidding exercise (June 6), Certificate of Entitlement (COE) premiums closed lower across all categories but one.

Closing about $1,500 lower, Category A cars closed at $36,426. Cars in this category have a horsepower not exceeding 130bhp or 1,600cc and below.

Category B premiums, which are meant for cars that are larger and more powerful, fell the most and closed at $36,000.

Premiums in the open category closed at $37,000 from $38,700.
Going down from $7,115 to $7,001, motorcycle premiums saw the smallest decline.
The only category of COEs that went up was for commercial vehicles, but with only a dollar difference. Premiums in this category closed at $29,902 from $29,901.

There were a total of 4,290 COEs available but 5,863 bids were received.

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