COEs rise across the board

SINGAPORE — The Certificate of Entitlement (COE) premiums rose across the board today, with premiums for commercial vehicles registering the highest spike. This comes a week after new quotas were announced for the various categories, and is the last week before new quotas kicked in.

For goods vehicles and buses, premiums rose to S$52,010, registering an increase of 19.9 per cent from S$43,390 previously.

Premiums for small cars (up to 1,600cc and 97kW) rose 1.5 per cent to S$62,890 from S$61,990 in the last bidding exercise, with the number of bids in this category going above 1,000 for the fourth consecutive time since March last year.

Premiums for big cars (above 1,600cc and 97kW) rose marginally by 0.2 per cent to S$65,001 from S$64,889. Premiums for this category had fallen sixth consecutive times previously.

Motorcycle premiums increased to S$4,252, registering a 6.3 per cent increase from S$4,001 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$65,002, an increase of 3.2 per cent from S$63,001 in the previous bidding exercise.

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