COE Prices Close With A Slight Relief At First 2022 Bidding Exercise
Certificate of Entitlement (COE) premiums ended lower in its latest bidding exercise on Wednesday (January 5), with all categories posting lower prices except for Cat D (motorcycles).
The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp decreased by 2 per cent from S$58,801 to $57,599.
Premiums for large cars (above 1,600cc or 97kW) also ended lower in the latest tender by 4 per cent, from $80,989 in the previous bidding exercise to $77,700.
Meanwhile, COEs for commercial vehicles, including goods vehicles and buses, go down by 4 per cent to S$42,200.
And in the open category, which can be used for any type of vehicles, premiums also eased by 1.7 per cent to S$82,501.
In the motorcycle category, premiums bucked the trend and went up to S$9,689 from S$9,601 previously.
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