COE prices mostly higher at end of latest bidding

SINGAPORE — Certificate of Entitlement (COE) premiums ended mostly higher at the end of today’s (March 19) bidding exercise with premiums rising for all categories except for commercial vehicles.

COE premiums for small cars (1,600cc and below with engine horsepower capped at 97KW) rebounded to close at S$78,602, a 2.08 per cent increase from S$76,999 in the previous bidding exercise.

Premiums for big cars (1,601cc and above) rose by 2.71 per cent to S$82,900 from S$80,710.

In the Open category, where COEs can be used for any vehicle type but end up mainly for cars, the premium increased by 2.44 per cent to S$84,001 from S$82,000.

The COE premium for commercial vehicles was S$53,891, a decrease of 4.28 per cent from S$56,302.

The premium for motorcycles continued in its upward climb, closing at S$4,289, a 7.2 per cent spike from S$4,001 in the previous bidding exercise.

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