COE premiums for open category hit S$99,999 — a level last seen nearly 30 years ago
SINGAPORE — The certificate of entitlement (COE) premiums for vehicles in the open category shot up to S$99,999 — a dollar just shy of S$100,000 — in the latest bidding exercise on Wednesday (April 6).
This is the highest level seen since 1994, when vehicle premiums for those in the then Category Four classification cost S$110,500 in December that year.
Premiums rose across the board in the latest bidding exercise on Wednesday except for large cars — they went down for the first time since Jan 19.
Premiums for small cars (up to 1,600cc & 97kW) went up by 2.01 per cent to S$72,996.
Large cars (above 1,600cc or 97kW) saw premiums go down from S$98,889 in the previous bidding exercise to S$98,389.
For goods vehicles and buses, COE prices rose by 6.6 per cent to S$54,901.
In the motorcycle category, premiums went up to S$10,503, compared to S$10,501 in the previous bidding exercise.
And in the open category, which can be used for any type of vehicles, premiums climbed by 1 per cent to S$99,999.
NUMBERS AT A GLANCE:
Cat A (Cars up to 1,600cc & 97kW): S$72,996 (up from S$71,556)
Cat B (Cars above 1,600cc or 97kW): S$98,389 (down from S$98,889)
Cat C (Goods vehicles and buses): S$54,901 (up from S$51,504)
Cat D (Motorcycles): S$10,503 (up from S$10,501)
Cat E (Open category): S$99,999 (up from S$99,010)
