SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across most categories in the latest bidding exercise on Wednesday (Nov 20), with prices for Category A cars falling by 10 per cent.
SINGAPORE: Certificate of Entitlement premiums closed lower across most categories in the latest bidding exercise on Wednesday , with prices for Category A cars falling by 10 per cent.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$69,000 from S$68,340 in the previous bidding exercise.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$107,501 from S$109,000.This is the second bidding exercise since the government announced in October that it would beacross all vehicle categories from February 2025 over the next few years.
Another reason cited by LTA was the changing travel patterns post-pandemic. An increase in flexible work arrangements had resulted in a fall in total vehicle mileage for private vehicles over the last five years, it said.if distance-based charging is implemented in the future, said Transport Minister Chee Hong Tat in parliament on Nov 12.
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