COE prices mostly higher
SINGAPORE — Certificate of Entitlement (COE) premiums ended mostly higher at the end of today’s (March 5) bidding exercise with premiums rising for all categories except for small cars.
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SINGAPORE — Certificate of Entitlement (COE) premiums ended mostly higher at the end of today’s (March 5) bidding exercise with premiums rising for all categories except for small cars.
COE premiums for small cars (1,600cc and below with engine horsepower capped at 97KW) dipped slightly to close at S$76,999, a 0.26 per cent drop from S$77,201 in the previous bidding exercise.
Premiums for big cars (1,601cc and above) rose by 2.68 per cent to S$80,710 from S$78,604, while premiums in the Open category, where COEs can be used for any vehicle type but end up mainly for cars, rose by 3.8 per cent to S$82,000 from S$79,000.
The COE premium for commercial vehicles closed at S$56,302, an increase of 6.45 per cent from S$52,890.
The premium for motorcycles continued its upward climb, closing at S$4,001, a 14.26 per cent spike from S$3,501 in the previous bidding exercise.
Click here to view our infographic on how COE prices have changed over the years.