SINGAPORE: Certificate of Entitlement (COE) premiums for cars closed at their highest in nearly two years in the latest bidding exercise on Wednesday (Aug 20).
For Category A, which is for smaller cars, premiums closed at S$104,524 (US$81,330), up from S$102,009 in the previous exercise. The last time prices were higher in this category was in October 2023, when it hit a record of S$106,000.
Premiums for larger and more powerful cars in Category B rose to S$124,400 from S$123,498. This is a high since December 2023 when prices hit S$130,100.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$125,001 from S$122,334. The last time prices were higher in this category was in December 2023, at S$133,388
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$72,190 from S$70,001 in the previous bidding exercise.
Motorcycle premiums closed at S$8,809, down from S$9,189 in the last exercise.
Source: CNA
