COE Prices For Smaller Cars Lowest In Nearly 9 Years

COE Prices For Smaller Cars Lowest In Nearly 9 Years

Certificate of entitlement (COE) prices ended mostly lower in the latest bidding exercise on Wednesday (December 5).

The COE premium for Category A cars (up to 1,600cc and 130bhp) closed at S$23,568, down from S$25,000 in the last bidding exercise. This is its lowest level since March 2010.

COE prices for larger Category B cars (above 1,600cc or 130bhp fell to S$31,001 from S$31,101.

Category C vehicles, which include goods vehicles and buses, fell to S$27,009 from S$27,509.

Premiums for motorcycles, however, increased by S$410 to S$3,399.

On the other hand, open category COEs, which can be used for any vehicle type except motorcycles but end up being used mainly for larger cars, fell to S$30,851 from S$30,959.

CategoryCurrent COE premium (S$)Previous COE premium (S$)
A - Car (1,600cc & below)23,56825,000
B - Car (above 1,600cc)31,00131,101
C - Goods vehicle & bus27,00927,509
D - Motorcycle3,3992,989
E - Open30,85130,959

[Sources: 1, 2]

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