Skip to main content

Advertisement

Advertisement

COE prices fall in most categories

SINGAPORE — With the exception of motorcycles, Certificate of Entitlement (COE) premiums for all other vehicle categories fell today (April 23) in the first bidding exercise since the Government announced an increase in the monthly Certificate of Entitlement (COE) quota for cars in the next three months.

TODAY file photo

TODAY file photo

Follow TODAY on WhatsApp

SINGAPORE — With the exception of motorcycles, Certificate of Entitlement (COE) premiums for all other vehicle categories fell today (April 23) in the first bidding exercise since the Government announced an increase in the monthly Certificate of Entitlement (COE) quota for cars in the next three months.

COE premiums for small cars (1,600cc and below with engine horsepower capped at 97KW) fell to a 10-month low of S$71,335, a 7.8 per cent drop from S$77,400 in the previous bidding exercise.

For big cars (1,601cc and above), premiums closed at S$S75,010, the lowest since last December. It fell 10.8 per cent from S$84,504 in the previous bidding exercise.

The COE premium for commercial vehicles fell to its lowest level since January 2011. It closed at S$32,890, a 33.6 per cent drop from S$49,503 in the previous bidding exercise.

In the Open category, where COEs can be used for any vehicle type but end up mainly for cars, the premium fell by 12.2 per cent to $S73,810 from S$84,100 earlier this month.

The premium for motorcycles increased for the eleventh consecutive time, closing at S$4,502, a 0.3 per cent rise from S$4,489 in the previous bidding exercise.

 

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

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.