COE premiums up across the board; Cat B sees sharpest rise of S$27,000
Cars and other vehicles on a highway in Singapore. (Photo: CNA/Jeremy Long)
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SINGAPORE: Certificate of Entitlement (COE) premiums rebounded across the board on Wednesday (Jan 17) in the second bidding exercise of the year.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$81,589 (US$60,690), up 25.5 per cent from S$65,010 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$112,000, a 31.7 per cent increase from S$85,010 previously.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$68,001 from S$67,599 in the previous bidding exercise.
Motorcycle premiums closed at S$9,309, up from S$9,114 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$109,004 from S$106,388.
A total of 4,464 bids were received, with a quota of 2,431 COEs available.
The COE quota for the November 2023 to January 2024 quarter was increased from the previous quarter, bringing the total supply of COEs to 14,388.
Editor's note: The percentage changes for Category A and Category B have been corrected. We apologise for the error.
