COE prices for cars hit new highs for second straight round; Open category premiums at S$118,990

SINGAPORE — Certificate of Entitlement (COE) premiums for small and large cars, as well as those for the Open category, hit new record highs in the latest bidding exercise which ended on Wednesday (April 5).

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up by 3.21 per cent to S$96,501, from the previous record high of S$93,503 in the previous exercise.

Large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW saw premiums rise from its previous high of S$116,201 in the last bidding exercise to S$118,501.

In the Open category, which can be used for any types of vehicle except motorcycles, premiums went up by 2.56 per cent to S$118,990 from S$116,020. The previous record high was S$118,001 in the Feb 22 bidding exercise.

Meanwhile, COE prices for goods vehicles and buses fell 10.06 per cent to S$76,801.

Finally, in the motorcycle category, premiums remained unchanged from the last exercise at S$12,001.

A total of 2,199 bids were received, with a quota of 1,592 COEs available.

NUMBERS AT A GLANCE:

Category A (Cars up to 1600cc & 97kW or fully electric cars with output of up to 110kW): S$96,501 (up from S$93,503)

Category B (Cars above 1600cc or 97kW or fully electric cars with output over 110kW): S$118,501 (up from S$116,201)

Category C (Goods vehicles and buses): S$76,801 (down from S$85,389)

Category D (Motorcycles): S$12,001 (unchanged)

Category E (Open category): S$118,990 (up from S$116,020)