COE prices fall across all categories after May 23 bidding exercise

SINGAPORE — Certificate of Entitlement (COE) prices fell across all categories at the end of the latest bidding exercise on Thursday (May 23).

Premiums for small cars (up to 1,600cc & 97kW) went down by 26.44 per cent to S$27,000.

Large cars (above 1,600cc or 97kW) saw premiums go down from S$48,010 in the previous bidding exercise to S$42,564.

Meanwhile, goods vehicles and buses saw COE prices go down by 4.06 per cent to S$27,400.

In the motorcycle category, premiums went down to S$3,202, compared to S$3,352 in the previous bidding exercise.

Finally, in the open category, which can be used for any types of vehicles, premiums went down by 10.48 per cent to S$47,000.

NUMBERS AT A GLANCE:

Cat A (Cars up to 1,600cc & 97kW): S$27,000 (down from S$36,704)

Cat B (Cars above 1,600cc or 97kW): S$42,564 (down from S$48,010)

Cat C (Goods vehicles and buses): S$27,400 (down from S$28,559)

Cat D (Motorcycles): S$3,202 (down from S$3,352)

Cat E (Open category): S$47,000 (down from S$52,502)