SINGAPORE: Certificate of Entitlement (COE) premiums for cars and motorcycles closed at their highest in more than three years in the latest bidding exercise on Wednesday (Apr 7).
Premiums for Category A cars closed at S$45,600 – the highest since November 2017, when prices hit S$46,791.
These cars are 1,600cc and below with horsepower not exceeding 130bhp.
Premiums for larger and more powerful cars in Category B reached S$52,309. This was the highest quantum since December 2017, when premiums hit S$53,711.
Motorcycle premiums closed at S$8,000. The last time motorcycle premiums crossed the S$8,000 mark was in March 2018, when they closed at S$8,009.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$52,200. This was the highest level since May 2019, when premiums reached S$52,502.
The premiums for these four categories all increased from the previous bidding exercise, with Category B cars rising the most.
Only COEs for commercial vehicles, which include goods vehicles and buses, fell to S$36,134 from S$39,589 in the previous bidding exercise.
A total of 4,594 bids were received, with a quota of 2,960 COEs available.