COE Premiums Rise Yet Again In Most Categories In Second Bidding Exercise of August 2023

COE Premiums Rise Yet Again In Most Categories In Second Bidding Exercise of August 2023

Gerald Yuen
Gerald Yuen
23 Aug 2023

The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$100,000, an increase of S$501 from the previous tender.

Premiums for large cars in Category B (above 1,600cc or 97kW) ended higher at S$129,890, an increase of S$3,001 from the previous result.

COEs for commercial vehicles, including goods vehicles and buses, increased by S$701 to S$82,801.

In the motorcycle category, the premium experienced a decrease of S$99, to S$11,402.

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$4,799, to S$131,000.

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