COE prices close mostly higher, premiums for bigger cars top S$100,000 again
Cars in Singapore. (File photo: iStock)
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SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher for the second bidding exercise in a row, with only Category C prices for commercial vehicles falling on Wednesday (Apr 3).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$89,000 (US$65,831), up from S$85,489 in the last exercise.
Premiums for larger cars rose to above S$100,000 after staying below that threshold for several tenders.
Category B prices saw the largest increase this round, rising from S$96,011 to S$101,334.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$101,002 from S$95,856.
Motorcycle premiums closed at S$10,000, up from S$9,689 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$67,501 from S$70,112 in the previous bidding exercise.
A total of 4,438 bids were received, with a quota of 2,509 COEs available.
The COE quota for the February to April quarter was raised by 2 per cent, bringing the total to 14,707 for the three-month period.
This is a sharp drop in the rate of increase from the previous quarter, when the COE supply jumped 27 per cent in the quarter from November 2023 to January 2024.
