COE Premiums Rise In All Categories In First Bidding Exercise of August 2023

COE Premiums Rise In All Categories In First Bidding Exercise of August 2023

Gerald Yuen
Gerald Yuen
11 Aug 2023

The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$99,499, an increase of S$4,297 from the previous tender.

Premiums for large cars in Category B (above 1,600cc or 97kW) ended higher at S$126,889, an increase of S$8,888 from the previous result.

COEs for commercial vehicles, including goods vehicles and buses, increased by S$99 to S$82,100.

In the motorcycle category, the premium experienced an increase of S$1,000, to S$11,501.

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 increased by S$4,091, to S$126,201.

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