COE premiums breach S$150,000 for the first time

[firehyrant]

COE premiums breach S$150,000 for the first time​

Derryn Wong​

Published Wed, Oct 04, 2023 · 4:40 pm

The premium for the open category Certificate of Entitlement (COE) reached S$152,000 in October's first round of COE bidding.
PHOTO: BT FILE

COE​

CERTIFICATE of Entitlement (COE) prices broke new ground with the price for open category COEs exceeding S$150,000 for the first time and the premium for Category B reaching another record high.
Category E, the open category, which can be used to register any type of motor vehicle except motorcycles, increased by 5.1 per cent or S$7,360 to S$152,000.
This is the first time the price of any COE has reached the S$150,000 mark and exceeds the previous record of S$144,640, which was set in September’s second round of bidding.

Prices for Category B rose 3.6 per cent or S$5,113 to S$146,002. This is also a new high, exceeding the previous record of S$140,889 set in September’s second round of bidding.
Category B is the category for cars with engines of more than 1,600 cc in capacity or with more than 97 kilowatts (kW), or for electric vehicles (EVs) with more than 110 kW.
Unlike other COE types, Category E COEs have a three-month validity period and are typically used as a buffer or extension of Category B, which is usually the highest priced non-open COE type.

 

[firehyrant]

In the 1st COE bidding exercise for October 2023, Cat A closed at $104,000, Cat B at $146,002, Cat C at $85,900, Cat D at $10,856, and Cat E at $152,000. Cat A (Cars up to 1600CC & 97KW) received 1,039 bids and decreased by $1,000. It closed at $104,000.

 

[Chase]

COE & GST

 

[Chase]

angmoh laughing at us

In Singapore, a certificate to own a car now costs US$106000
https://www.reuters.com/business/au...tificate-own-car-now-costs-106000-2023-10-04/

 

[po2wq]

tis is gud ...

it shows dat sinkielan got many rich man ... sinkies can now start boasting how rich dey r ...

 

[Hypocrite-The]

Very good news indeed for car owners...don't see what the complaints is about

 

[countryman]

Sinkies luv to be screwed! The higher the COE, the better.

 

[batman1]

COE $150K no problem,sinkees no complain,still very happy . Wait till the COE shoots up to $200 K.

 

[JohnTan]

​

COE premiums breach S$150,000 for the first time​

Derryn Wong​

Published Wed, Oct 04, 2023 · 4:40 pm

The premium for the open category Certificate of Entitlement (COE) reached S$152,000 in October's first round of COE bidding.
PHOTO: BT FILE

COE​

CERTIFICATE of Entitlement (COE) prices broke new ground with the price for open category COEs exceeding S$150,000 for the first time and the premium for Category B reaching another record high.
Category E, the open category, which can be used to register any type of motor vehicle except motorcycles, increased by 5.1 per cent or S$7,360 to S$152,000.
This is the first time the price of any COE has reached the S$150,000 mark and exceeds the previous record of S$144,640, which was set in September’s second round of bidding.

Prices for Category B rose 3.6 per cent or S$5,113 to S$146,002. This is also a new high, exceeding the previous record of S$140,889 set in September’s second round of bidding.
Category B is the category for cars with engines of more than 1,600 cc in capacity or with more than 97 kilowatts (kW), or for electric vehicles (EVs) with more than 110 kW.
Unlike other COE types, Category E COEs have a three-month validity period and are typically used as a buffer or extension of Category B, which is usually the highest priced non-open COE type.

I'll be honoured to renew my COE in a few years time for $180k.

 

[searcher1]

If LTA really want it to be COE Premium, it should be rate @ $100K per Year.