Open category COE price hits new high of S$114,001 as premiums rise across the board

SINGAPORE — The Certificate of Entitlement (COE) price for vehicles in the open category reached the highest level ever of S$114,001 on Wednesday (July 20) as premiums rose across the board.

The latest price in this category, which is for any type of vehicles, surpassed the last record set in the previous bidding exercise earlier this month of S$110,524.

That figure on July 6 had surpassed a record set 28 years ago, when prices in the then-Category Four classification cost S$110,500 in December 1994.

In the latest round, the COE price for large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW went up to S$110,003. It was S$107,800 in the previous bidding exercise.

Premiums for two categories — for large cars as well as in the open category — have crossed the six-digit mark since the tender exercises in June.

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up by 1.15 per cent to S$78,899.

For goods vehicles and buses, COE prices climbed by 1.64 per cent to S$54,889.

In the motorcycle category, premiums went up to S$10,910, compared to S$10,889 in the previous bidding exercise.

NUMBERS AT A GLANCE:

Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$78,899 (up from S$78,001)

Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$110,003 (up from S$107,800)

Cat C (Goods vehicles and buses): S$54,889 (up from S$54,001)

Cat D (Motorcycles): S$10,910 (up from S$10,889)

Cat E (Open category): S$114,001 (up from S$110,524)