COE premiums close mostly higher

SINGAPORE – Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise today (Aug 20), with the exception of commercial vehicles.

Premiums for both small and big cars rose for the third consecutive exercise.

For small cars (up to 1,600cc and 97kW), premiums closed at S$65,710, a 1.7 per cent rise from S$64,600 two weeks ago. Big car (above 1,600cc and 97kW) premiums rose 6.3 per cent to S$72,990, from S$68,689.

Motorcycle premiums closed at S$4,354, a slight increase from S$4,353 in the last exercise.

As for the Open category, where COEs can be used for any vehicle type but end up being used mainly for cars, premiums closed at S$72,810, a 5.5 per cent rise from S$69,001.

Commercial vehicles, which include goods vehicles and buses, fell 3 per cent to S$52,390 from S$54,009.

Click here to see how COE prices have changed over the years.