COE prices for small and large cars hit record highs as other categories end mixed

SINGAPORE — Certificate of Entitlement (COE) prices for both small and large cars reached new highs in the latest bidding exercise that closed on Wednesday (March 22). 

Premiums for small cars (up to 1600cc & 97kW) or fully electric cars with output of up to 110kW went up by 6.25 per cent to S$93,503. The previous record of S$92,100 was set more than a decade ago in January 2013.

Large cars (above 1600cc or 97kW) or fully electric cars with output over 110kW saw premiums rise from the previous high of S$115,501 in the last bidding exercise to S$116,201. 

Meanwhile, goods vehicles and buses saw COE prices drop by 6.27 per cent to S$85,389.

In the motorcycle category, premiums fell to S$12,001 from S$12,390 in the previous bidding exercise.

Finally, in the open category, which can be used for any type of vehicle except motorcycles, premiums rose 0.02 per cent to S$116,020.

NUMBERS AT A GLANCE:

Category A (Cars up to 1600cc & 97kW or fully electric cars with output of up to 110kW): S$93,503 (up from S$88,000)

Category B (Cars above 1600cc or 97kW or fully electric cars with output over 110kW): S$116,201 (up from S$115,501)

Category C (Goods vehicles and buses): S$85,389 (down from S$91,101)

Category D (Motorcycles): S$12,001 (down from S$12,390)

Category E (Open category): S$116,020 (up from S$116,000)