Decrease Across Most COE Categories In First Bidding Exercise of May 2023

Decrease Across Most COE Categories In First Bidding Exercise of May 2023

Gerald Yuen
Gerald Yuen
05 May 2023

The latest premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp closed at S$101,001, a decrease of S$2,720 from the previous tender.

Premiums for large cars in Category B (above 1,600cc or 97kW) ended lower at S$119,399, a decrease of S$1,490 from the previous result.

COEs for commercial vehicles, including goods vehicles and buses, increased by S$255 to S$75,589.

In the motorcycle category, the premium experienced a sizable decrease of S$7,177, to S$5,002.

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$499, to S$124,002.

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