www.straitstimes.com
Lee Nian Tjoe
Senior Transport Correspondent
SINGAPORE – Certificate of entitlement (COE) prices rose across all five categories at the latest tender exercise on Sept 4, with the premium for smaller, less powerful cars rising to $96,490, the highest so far in 2024.
The premium for a Category A certificate, which is used to register smaller, less powerful cars and electric vehicles (EVs), is 2.8 per cent above the $93,900 recorded at the previous exercise two weeks ago.
COEs give people the right to own and use a vehicle in Singapore.
For Category B COEs, meant for larger, more powerful cars and EVs, the premium climbed 0.4 per cent to $106,300, from $105,889.
The price of an Open category (Category E) COE was $106,901, 0.8 per cent higher than the previous premium of $106,001. Such certificates can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars.
The motorcycle (Category D) COE premium rose by the largest margin of 5.3 per cent, from $9,310 to $9,801.
The commercial vehicle (Category C) COE premium was $74,001, 2.2 per cent above the $72,400 recorded previously. This is the fifth consecutive increase for this COE category.
COE prices up for all categories; Cat A premium hits $96,490, highest so far in 2024
Lee Nian Tjoe
Senior Transport Correspondent
SINGAPORE – Certificate of entitlement (COE) prices rose across all five categories at the latest tender exercise on Sept 4, with the premium for smaller, less powerful cars rising to $96,490, the highest so far in 2024.
The premium for a Category A certificate, which is used to register smaller, less powerful cars and electric vehicles (EVs), is 2.8 per cent above the $93,900 recorded at the previous exercise two weeks ago.
COEs give people the right to own and use a vehicle in Singapore.
For Category B COEs, meant for larger, more powerful cars and EVs, the premium climbed 0.4 per cent to $106,300, from $105,889.
The price of an Open category (Category E) COE was $106,901, 0.8 per cent higher than the previous premium of $106,001. Such certificates can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars.
The motorcycle (Category D) COE premium rose by the largest margin of 5.3 per cent, from $9,310 to $9,801.
The commercial vehicle (Category C) COE premium was $74,001, 2.2 per cent above the $72,400 recorded previously. This is the fifth consecutive increase for this COE category.
