Why Did it Close So Low?
All Premiums Fell
Cars in Category B fell to $31,000 from $33,900. And Open Category COEs closed at $31,001 from $34,400.
Motorcycle premiums closed at S$6,514, down from S$6,889.
The COEs for commercial vehicles, which include goods vehicles and buses, fell to S$31,092 from S$32,001 in the latest bidding exercise.
There was a total of 5,580 bids were received but only 4,239 COEs available.