COE Premiums Fall In 4 Out Of 5 Categories In First Bidding Exercise Of October 2022

The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$80,501, a decrease of S$3,499.

Premiums for large cars in Category B (above 1,600cc or 97kW) ended lower at S$95,856, a decrease of S$12,195 from the previous tender.

COEs for commercial vehicles, including goods vehicles and buses, decreased by S$1,010 to S$65,991.

In the motorcycle category, premiums went up by S$162, to S$11,751.

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$2,200, to S$105,001.