COE premiums up for commercial vehicles and motorcycles in first tender under new quota

THE prices of certificates of entitlement (COEs) ended mixed across the categories in the tender exercise that closed on Wednesday (Feb 8), with the premiums for commercial vehicles and motorcycles going up significantly.

The premiums for other categories ended closer to where they were in the last tender.

Wednesday’s tender exercise is the first under the increased quota announced on Jan 20, 2023.

The premium for commercial vehicle COE – applicable for vans, trucks and lorries – was S$85,119, 10.4 per cent higher than the S$77,109 three weeks ago.

The motorcycle premium was S$11,602, 4.5 per cent more than last round’s S$11,101.

The premium for cars up to 1,600cc and 130bhp, as well as electric vehicles (EVs) with up to 110 kilowatts of power, finished at S$86,000, unchanged from the last tender exercise.

For larger cars and more powerful EVs, the premium ended at S$105,524, only slightly higher than the previous S$105,459.

The price for Open COE was S$105,002, down by 1.9 per cent from S$107,000.

Such COEs can be used to register any vehicle type except motorcycles, but ends up almost exclusively for bigger cars. THE STRAITS TIMES

See how COE premiums have fluctuated over the years with BT’s COE tracker.