COE Premiums Decrease In All Categories In First Bidding Exercise Of The Year
Certificate of Entitlement (COE) premiums closed lower in all 5 categories in the first bidding exercise 2023 (5 January).
The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$80,000, a decrease of S$8,007.
Premiums for large cars in Category B (above 1,600cc or 97kW) ended lower at S$102,002, a decrease of S$6,004 from the previous tender.
COEs for commercial vehicles, including goods vehicles and buses, decreased by S$899 to S$77,301.
In the motorcycle category, premiums went down by S$800, to S$10,890.
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$1,711, to S$107,889.
Get the best quotes for COE Renewal Loans from OneShift.
Convenient and Hassle-Free- Consumer Protection
Transparent Process
With No Obligation
Get the Best Price for your used car
from 500+ dealers in 24 hours
