Open category COE price hits record high of S$110,524; premiums rise across the board

SINGAPORE — Certificate of Entitlement (COE) prices reached the highest level ever on Wednesday (July 6) when the premiums for vehicles in the open category closed at S$110,524.

This surpasses the premiums in the then Category Four classification in December 1994 that cost S$110,500.

Premiums also rose across the board across all other categories.

COE prices for large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW went up from S$106,001 in the previous bidding exercise to S$107,800.

Premiums for two categories — for large cars as well as in the open category — have crossed the six-digit mark since the tender exercises in June.

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up by 4.02 per cent to S$78,001.

For goods vehicles and buses, COE prices climbed 1.87 per cent to S$54,001.

In the motorcycle category, premiums went up to S$10,889, compared to S$10,302 in the previous bidding exercise.

NUMBERS AT A GLANCE

Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$78,001 (up from S$74,989)

Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$107,800 (up from S$106,001)

Cat C (Goods vehicles and buses): S$54,001 (up from S$53,011)

Cat D (Motorcycles): S$10,889 (up from S$10,302)

Cat E (Open category): S$110,524 (up from S$104,400)