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COE premiums for cars rise slightly

SINGAPORE – Certificate of Entitlement (COE) premiums for big and small cars rose marginally on Wednesday (April 6) from the last bidding exercise two weeks ago.

SINGAPORE – Certificate of Entitlement (COE) premiums for big and small cars rose marginally on Wednesday (April 6) from the last bidding exercise two weeks ago.

The premiums for big and small cars inched up 0.01 per cent. Premiums for small cars (up to 1,600cc and 97kW) rose S$505 to S$46,009, while premiums for big cars (above 1,600cc and 97kW) rose S$498 to S$47,000.

The Open Category saw a 1.8 per cent rise from S$46,667 to S$47,510, after dipping slightly in the last bidding exercise. COEs in this category can be used for any vehicle type but end up being used mainly for cars.

Meanwhile, premiums for other categories – motorcycles, as well as goods vehicles and buses – fell.

The premiums for Category C – goods vehicles and buses – saw the biggest drop, falling 4.9 per cent from S$46,502 to S$44,213.

Motorcycle premiums went down by 0.01 per cent, dropping by S$86 to S$6,503 – the same premium as two bidding exercises ago.

In the previous bidding exercise last month, COE premiums for all categories also ended mixed.

This time around, a total of 8,053 bids were received, with a quota of 4,427 COEs available.

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