COE prices rise across the board, with Open category reaching new high of S$114,001
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CERTIFICATE of entitlement (COE) premiums ended higher in all categories at the latest tender exercise on Wednesday (Jul 20), with the Open category setting a new high for the second time in a row.
The premium for the Open category COE, which tends to be used for larger cars, ended at S$114,001, a 3.1 per cent increase from last round's S$110,524.
Premiums for cars with engines above 1,600cc or 130bhp, as well as electric vehicles (EVs) with power output above 110 kilowatts rose by 2 per cent from S$107,800 to S$110,003.
For smaller and less powerful cars and EVs, COE premiums went up by 1.2 per cent from S$78,001 to S$78,899.
The commercial vehicle COE premium went up from S$54,001 to S$54,889, a hike of 1.6 per cent.
The price of motorcycle COEs rose by S$21 from S$10,889 to S$10,910. THE STRAITS TIMES
Analyse historical COE data with The Business Times interactive tool: bt.sg/coetrack
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