SINGAPORE: Certificate of Entitlement (COE) premiums for vans, trucks and buses fell S$19,405 in the latest bidding exercise on Wednesday (Apr 26), on the back of a 600 per cent rise in quota for Category C vehicles.
Premiums for commercial vehicles closed at S$26,501, down from S$45,906 in the last exercise two weeks ago.
The "significant increase" in Cat C COEs for this quarter was attributed to the large number of deregistrations in the preceding quarter, the Land Transport Authority said in a news release earlier this month. It added that the clustering was due to the large number of Cat C COEs that were renewed in 2007 due to a shortage in the supply of new Euro IV diesel goods vehicles back then.
Source: http://www.channelnewsasia.com/news/sin ... in-8793776
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