COE premium for Cat B cars tops S$40,000

Singapore

WITH the exception of motorcycles, certificate of entitlement (COE) premiums for other vehicles all ended higher as a smaller quota and a longer bidding period amplified upward pressure.

At the end of the latest tender on Wednesday, the COE price for cars up to 1,600cc and 130bhp finished at S$37,766, up from S$35,710 three weeks ago. COE premium for cars above 1,600cc or 130bhp closed at S$41,510, up from S$38,802.