Skip to main content

Advertisement

Advertisement

COE premiums up across all categories

SINGAPORE — Certificate of Entitlement (COE) premiums for vehicles continued to surge across the board at the end of the latest bidding exercise which ended today, with the big car and open categories crossing the S$90,000-mark.

Buyers shopping for cars at Leng Kee Road showroom. COE. Photo: Ernest Chua. 24 March 2013.

Buyers shopping for cars at Leng Kee Road showroom. COE. Photo: Ernest Chua. 24 March 2013.

Follow TODAY on WhatsApp
SINGAPORE — Certificate of Entitlement (COE) premiums for vehicles continued to surge across the board at the end of the latest bidding exercise which ended today, with the big car and open categories crossing the S$90,000-mark. This is the second bidding exercise since the Land Transport Authority announced engine power caps for the small car category last month. COE premiums for small cars (1,600cc and below) increase to close 1.49 per cent higher at S$85,000, compared with S$83,751 in the previous bidding exercise. Premiums for big cars (1,601cc and above) increased by 8.42 per cent from S$86,239 to S$93,500. In the Open category, where COEs can be used for any vehicle type but end up mainly for cars, the premium increased by 7.92 per cent to S$93,889 from S$87,001. The COE premium for commercial vehicles continued to break past records, inching up 0.41 per cent to S$76,310 from S$76,001, while the premium for two-wheelers increased by 15.15 per cent to S$1,961.

Read more of the latest in

Advertisement

Advertisement

Stay in the know. Anytime. Anywhere.

Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.