SINGAPORE — Certificate of Entitlement (COE) prices hit fresh record highs for both large cars and vehicles in the Open category for a fourth straight time when the latest exercise closed on Wednesday (Sept 20).
Demand exceeded supply with a total of 2,673 bids received for only 1,916 COEs available. That is about 1.4 bids for each COE.
Large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW saw premiums rise 4.45 per cent from S$134,889 in the last bidding exercise to S$140,889 on Wednesday.
In the Open category, which can be used for any type of vehicles except motorcycles, premiums rose 5.58 per cent to S$144,640 from the previous high of S$137,000.
Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up by 3.96 per cent, from S$101,000 to S$105,000.
For goods vehicles and buses, COE prices rose by 1.1 per cent to S$83,801.
In the motorcycle category, premiums went down slightly to S$10,700, compared to S$10,901 in the last 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$105,000 (up from S$101,000)Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$140,889 (up from S$134,889)Cat C (Goods vehicles and buses): S$83,801 (up from S$82,889)Cat D (Motorcycles): S$10,700 (down from S$10,901)Cat E (Open category): S$144,640 (up from S$137,000)