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Passenger car COE premiums in surprise spike

COE2016 - pixgeneric.jpg
The final certificate of entitlement (COE) bidding exercise before next month's new and bigger quota produced unexpected increases in passenger car premiums.

THE final certificate of entitlement (COE) bidding exercise before next month's new and bigger quota produced unexpected increases in passenger car premiums.

Category A - for cars below 1,600cc and 130 hp - rose S$1,291 to S$47,300, while Cat B - for cars above 1,600cc or 130 hp - climbed S$2,602 to S$49,602.

Cat E - the open category which currently tracks Cat B - was S$1,991 higher at S$49,501.

But the remaining two categories were lower. Cat C - for goods vehicles - was down S$1,211 to S$43,002, and Cat D - for motorcycles - slipped just S$2 to S$6,501.

From May, there will be 14.7 per cent more COEs for three months, with all COE classes enjoying a boost in numbers.

Analyse historical COE data with the Business Times interactive tool

 

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