SINGAPORE — Certificate of Entitlement (COE) prices hit fresh highs for large cars and the Open category at the end of the latest bidding exercise on Wednesday (Sept 6), with premiums in all categories rising except for motorcycles.
Demand exceeded supply with a total of 2,722 bids received, but a quota of only 1,933 COEs were available.
Large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW also saw premiums climb from the previous high of S$129,890 to S$134,889.
In the Open category, which can be used for any type of vehicles except motorcycles, premiums rose by 4.58 per cent to S$137,000.
Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up to S$101,000 from S$100,000 in the previous bidding exercise.
COE prices for goods vehicles and buses inched up by 0.11 per cent to S$82,889.
In the motorcycle category, premiums dropped to S$10,901, compared to S$11,402 in the previous bidding exercise.
NUMBERS AT A GLANCE:
Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$101,000 (up from S$100,000)Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$134,889 (up from S$129,890)Cat C (Goods vehicles and buses): S$82,889 (up from S$82,801)Cat D (Motorcycles): S$10,901 (down from S$11,402)Cat E (Open category): S$137,000 (up from S$131,000)