COE premiums end mostly higher at latest tender

Certificate of entitlement (COE) premiums ended mostly higher at the first bidding exercise of the year, which ended on Wednesday.

Premiums went up in all categories apart from Category A, where the COE price for cars up to 1,600cc slid by 2.2 per cent to $72,369.

The premium for bigger cars above 1,600cc rose by 3.9 per cent to $78,700, while that for commercial vehicles inched upwards by 1.8 per cent to $48,889.

Motorcycle premiums rose by 9.8 per cent to $1,989, while the COE price in the open category - which can be used for any vehicle but ends up mainly for bigger cars - ended 1.9 per cent higher at $79,000.

Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 72,369 74,002
B - Car (above 1600cc) 78,700 75,700
C - Goods vehicle & bus 48,889 48,001
D - Motorcycle 1,989 1,812
E - Open 79,000 77,501

Source: Land Transport Authority

Click here for a bigger chart.

Join ST's WhatsApp Channel and get the latest news and must-reads.