Large-car COE premium down almost 5% at S$123,900; most categories dip

[SINGAPORE] In the first round of Certificates of Entitlement (COEs) in December, the premium for large cars was down 4.6 per cent or S$5,990 at S$123,900, as most other categories also posted decreases.

Category B is for bigger, more powerful cars that have engines of more than 1,600 cubic centimetres (cc) in capacity or with more than 97 kilowatts (kW) of power, or for electric vehicles (EVs) with more than 110 kW of power.

This follows the category’s spike of 12.9 per cent to S$129,890 in the previous round of bidding that caught industry observers off guard.

Category A – used for mainstream cars – declined by 3.3 per cent or S$3,587 to S$105,413, as the category continued to back away from an all-time high of S$128,105 set in early October.

The Category A COE applies to mainstream cars that have engines of up to 1,600 cc in capacity or with up to 97 kW of power, or for EVs with up to 110 kW of power.

Category D, used for motorcycles, decreased 5 per cent, or S$440, to S$8,289.

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Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, was down 1.6 per cent or S$2,001 at S$123,000.

The commercial vehicle category, C, posted the sole rise in this round, although it was almost unchanged: It increased 0.1 per cent or S$112 to S$76,501.