COE prices rise across the board
Lee Nian Tjoe for The Straits Times
Prices of certificates of entitlement (COE) rose across the board at the latest tender exercise that closed on July 9.
The premium for Category A COE, meant for smaller and less powerful cars and electric vehicles (EVs), edged up by 3 per cent to $101,102, from $98,124 at the previous exercise.
The price of a Category B COE, meant for larger and more powerful cars and EVs, was $119,600, an increase of 2.5 per cent from $116,670.
The price of an Open category (Category E) COE was $118,500 - 1.4 per cent higher than the $116,889 at the previous exercise.
Although Open Category COEs can be used to register any type of vehicle other than motorcycles, they are almost always used for bigger and more powerful cars.
At $66,689, the price of a commercial vehicle (Category C) COE went up by 2.6 per cent from $65,000 at the previous exercise.
The motorcycle (Category D) COE premium climbed 9.2 per cent from $8,600 to $9,389.
A COE is needed to register a vehicle in Singapore and this is usually included in the price of the vehicle.
