COE prices rise across the board, with Open category reaching new high of S$114,001

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

SEE ALSO

COE premium for Open category hits all-time high of S$110,524; other categories also up

Asean Intelligence

Get insights into businesses across South-east Asia

Get the free report

Analyse historical COE data with The Business Times interactive tool: bt.sg/coetrack