Open category COE crosses S$150,000, premiums for large cars also hit new high

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SINGAPORE — Certificate of Entitlement (COE) prices hit record highs for large cars and vehicle in the Open category for the fifth straight exercise on Wednesday (Oct 4).

Large cars or fully electric cars with output over 110kW saw premiums jump from the previous high of S$140,889 in the last bidding exercise to S$146,002.

Prices leapt by 5.09 per cent from the previous high of S$144,640 to S$152,000 for the Open category, which can be used for any type of vehicles except motorcycles. Premiums for small cars or fully electric cars with output of up to 110kW was the only category that saw a drop in the latest exercise, going down by 0.95 per cent to S$104,000.And in the motorcycle category, premiums climbed to S$10,856, compared to S$10,700 in the last bidding exercise.Cat A : S$104,000

Cat B : S$146,002 Cat D : S$10,856 By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.We know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be.

Source: Car News Wire (carnewswire.net)

 

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