COE premiums for Category B, Open Category hit record highs again
Parked cars on a street in Singapore. (File photo: iStock/tobiasjo)
SINGAPORE: Certificate of Entitlement (COE) premiums for Category B and E hit record highs again in the latest bidding exercise on Wednesday (Aug 23).
Premiums for larger and more powerful cars in Category B rose to S$129,890 (US$95,753) from S$126,889, which was the previous record high.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$131,000 from S$126,201, which was the previous record high.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$100,000, up from S$99,499 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$82,801 from S$82,100 in the previous bidding exercise.
Motorcycle premiums closed at S$11,402, down from S$11,501 in the last exercise.
A total of 2,710 bids were received, with a quota of 1,854 COEs available.
