COE premiums break S$80,000 mark for large cars, open category
Cars and other vehicles in Singapore. (File photo: CNA/Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums for large cars and the open category breached the S$80,000 mark as prices closed higher across the board in the latest bidding exercise on Wednesday (Oct 20).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$52,709, up from S$47,001 in the last exercise.
Premiums for larger and more powerful cars in Category B rose from S$70,200 to S$80,210, the highest since April 2014 when it was S$84,504.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$40,501 from S$38,890 in the previous bidding exercise.
Motorcycle premiums closed at S$9,310, up from S$9,052 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$85,000 from S$72,756. This is the highest open category premium since November 2013 when it hit S$89,001.
A total of 3,784 bids were received, with a quota of 2,371 COEs available.
