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COE prices fall across all categories in first 2023 tender exercise; those for small cars dip the most

SINGAPORE — Certificate of Entitlement (COE) prices fell across all categories at the end of the latest bidding exercise on Thursday (Jan 5), with the biggest decrease observed in the small cars category. 

COE prices fall across all categories in first 2023 tender exercise; those for small cars dip the most
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SINGAPORE — Certificate of Entitlement (COE) prices fell across all categories at the end of the latest bidding exercise on Thursday (Jan 5), with the biggest decrease observed in the small cars category. 

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW, otherwise known as Category A vehicles, fell by 9.1 per cent to S$80,000.

Category B premiums — for large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW — fell from S$108,006 in the previous bidding exercise to S$102,002, or about 5.6 per cent.

In the goods vehicles and buses category, COE prices fell for the third time in a row, from S$78,200 in the previous exercise to S$77,301.

Premiums for the motorcycle category, or Category D, went down from S$11,690 in the previous bidding exercise to S$10,890, or 6.8 per cent, the lowest value since the end of July 2022.

In the open category, which can be used for any type of vehicles except motorcycles, premiums slid by 1.56 per cent to S$107,889.

NUMBERS AT A GLANCE:

  • Cat A (Cars up to 1600cc & 97kW or fully electric cars with output of up to 110kW): S$80,000 (down from S$88,007)
  • Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$102,002 (down from S$108,006)
  • Cat C (Goods vehicles and buses): S$77,301 (down from S$78,200)
  • Cat D (Motorcycles): S$10,890 (down from S$11,690)
  • Cat E (Open category): S$107,889 (down from S$109,600)

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