COE premium for smaller cars surges to record S$103,721, open category premium at S$124,501

CERTIFICATE of entitlement (COE) premiums for smaller cars crossed the S$100,000 mark for the first time on Wednesday (Apr 19) to reach a record high of S$103,721.

New records were also set in the larger car and open categories at the close of the latest tender exercise.

The COE premium for smaller cars up to 1,600cc and 130bhp, as well as for electric vehicles (EVs) with up to 110 kilowatts of power, finished at S$103,721, up 7.48 per cent from the previous high of S$96,501.

For larger cars and more powerful EVs, the COE premium ended at S$120,889, a 2.02 per cent increase over the previous high of S$118,501 set two weeks ago.

The price for the Open category COE ended at S$124,501, an increase of 4.63 per cent over the S$118,990 posted two weeks ago. This is the highest price ever posted for any category of COEs.

At S$75,334, the premium for commercial vehicle COE – applicable to vans, trucks and lorries – was 1.91 per cent lower than the S$76,801 posted a fortnight ago. This was the only category of COE that did not rise at the latest tender exercise.

SEE ALSO

COE premiums for cars hit record for second time in a row; Open Category COE rises to S$118,990

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The motorcycle COE premium also went up by 1.48 per cent, from S$12,001 to S$12,179. THE STRAITS TIMES

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