COE prices for larger cars soar above S$110,000 in latest bidding exercise

SINGAPORE: Certificate of Entitlement (COE) prices for cars went up in the latest bidding exercise on Wednesday (Sep 18), with premiums for larger cars registering the biggest increase.

Premiums for larger and more powerful cars in Category B rose to S$110,001 (US$85,000) from S$106,300.

Open category COEs, which can be used for any vehicle type but are almost always used for large cars, increased to S$113,104 from S$106,901. This marks the highest premium for the Open category since Dec 20 when it was S$118,388.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$98,524. This is the highest since Oct 18 and up from S$96,490 in the last exercise.

Motorcycle premiums closed at S$9,900, up from S$9,801.

Only COE prices for commercial vehicles, which include goods vehicles and buses, registered a drop - from S$74,001 to S$74,000.

A total of 3593 bids were received, with a quota of 2567 COEs available.

The Land Transport Authority (LTA) announced in July that the supply of COEs for the August to October period will go up by 1 per cent compared with the previous quarter. 

There will be a total of 15,283 COEs, an increase from 15,104 in the previous quarter.

The quota for Category A will go up by 1.5 per cent, while COEs in Category B will rise by 0.9 per cent. 

For Category C, the COE supply will increase by 5.4 per cent.

COEs for vehicles in the Open category, also known as Category E, will see a 1.2 per cent decrease. 

The quota for motorcycles in Category D will remain unchanged.