COE

SINGAPORE – Certificate of Entitlement (COE) premiums ended higher across the board on Wednesday (March 9). Category A COE, for cars up to 1,600cc and 130bhp, ...

This means that we do not have the visibility to know how premiums will develop in the coming bids”, said Mr Ng. Motor traders who declined to be named have been offered prices in the region of $100,000 to $110,000 for these older Open COEs. These COEs would have been secured at earlier bids priced between $83,889 to $87,000. Mr Wong suggested that the Open COE bidding may have been driven by traders who have used up all their stock of older Open COEs. Since the first bidding exercise in January, premiums in this category have increased by $10,902, an increase of 18.9 per cent. Category A COE, for cars up to 1,600cc and 130bhp, rose by 8.7 per cent to $68,501, from $63,000 at the previous tender. Premiums for commercial vehicles went up by 5.1 per cent from $46,501 to $48,889.