Home singapore COE prices fall across all categories; premiums for large cars slump 15%

COE prices fall across all categories; premiums for large cars slump 15%

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COE prices fall across all categories; premiums for large cars slump 15%
Published December 20, 2023 Updated December 20, 2023 Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn

SINGAPORE — Certificate of Entitlement (COE) prices fell across all categories at the end of the latest bidding exercise on Wednesday (Dec 20).

Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW fell by 3.43 per cent to S$85,000.

Premiums for large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW slumped 15 per cent to S$110,001.

For goods vehicles and buses, COE prices dipped by 2.22 per cent to S$69,423.

In the motorcycle category, prices went down 8.6 per cent to S$9,002.

And in the Open category, which can be used for any type of vehicles except motorcycles, premiums sank by 11.25 per cent to S$118,388.

NUMBERS AT A GLANCE:

Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$85,000 (down from S$88,020)

Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$110,001 (down from S$130,100)

Cat C (Goods vehicles and buses): S$69,423 (down from S$71,001)

Cat D (Motorcycles): S$9,002 (down from S$9,858)

Cat E (Open category): S$118,388 (down from S$133,388)