Motorcycle COEs, which hit an all-time record of $10k, look set to stay high for some time

The industry is not confident that COE premiums will come down after breaching the $10,000 mark. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Certificate of Entitlement (COE) premiums for motorcycles hit a record high of $10,000 at the most recent bidding exercise on Jan 19.

Premiums for this COE category have risen considerably since the second half of 2021, and motorcycle traders had anticipated that premiums would eventually breach the five-digit mark. It was below $4,000 in January 2020, and rose to $7,500 at the same month last year.

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