COE prices close higher across the board

Singapore

CERTIFICATE of entitlement (COE) premiums continued their upward trend, with prices closing higher across the board as the first round of bidding for April closed on Wednesday.

The highest increase was seen in the open category, where the COE price jumped 17.5 per cent to S$48,209, compared with S$41,000 previously. The open category can be used for any vehicle type except motorcycles, but is mostly used for bigger cars.