COE Premiums Decrease Across All Categories In First Bidding Exercise of November 2023
Whopping S$40k decrease in Cat B premium headlines this cycle’s bids.
The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$95,689, a decrease of S$10,311 from the previous tender.
Premiums for large cars in Category B (above 1,600cc or 97kW) ended lower at S$110,001, a decrease of S$40,000 from the previous result.
COEs for commercial vehicles, including goods vehicles and buses, decreased by S$6,789 to S$78,001.
In the motorcycle category, the premium experienced a decrease of S$312, to S$10,889.
In the open category (Category E), which can be used for any type of vehicles but often end up being used for big cars, premiums decreased by S$32,011, to S$125,011.
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