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COE premiums for open category hit S$99,999 — a level last seen nearly 30 years ago

SINGAPORE — The certificate of entitlement (COE) premiums for vehicles in the open category shot up to S$99,999 — a dollar just shy of S$100,000 — in the latest bidding exercise on Wednesday (April 6).

COE premiums rose across the board in the latest bidding exercise on Wednesday except for large cars.
COE premiums rose across the board in the latest bidding exercise on Wednesday except for large cars.
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SINGAPORE — The certificate of entitlement (COE) premiums for vehicles in the open category shot up to S$99,999 — a dollar just shy of S$100,000 — in the latest bidding exercise on Wednesday (April 6).

This is the highest level seen since 1994, when vehicle premiums for those in the then Category Four classification cost S$110,500 in December that year.

Premiums rose across the board in the latest bidding exercise on Wednesday except for large cars — they went down for the first time since Jan 19.

Premiums for small cars (up to 1,600cc & 97kW) went up by 2.01 per cent to S$72,996.

Large cars (above 1,600cc or 97kW) saw premiums go down from S$98,889 in the previous bidding exercise to S$98,389.

For goods vehicles and buses, COE prices rose by 6.6 per cent to S$54,901.

In the motorcycle category, premiums went up to S$10,503, compared to S$10,501 in the previous bidding exercise.

And in the open category, which can be used for any type of vehicles, premiums climbed by 1 per cent to S$99,999.

NUMBERS AT A GLANCE:

Cat A (Cars up to 1,600cc & 97kW): S$72,996 (up from S$71,556)

Cat B (Cars above 1,600cc or 97kW): S$98,389 (down from S$98,889)

Cat C (Goods vehicles and buses): S$54,901 (up from S$51,504)

Cat D (Motorcycles): S$10,503 (up from S$10,501)

Cat E (Open category): S$99,999 (up from S$99,010)

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COE vehicles cars motorcycles transport

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