COE

2022 - 10 - 19

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Image courtesy of "CNA"

COE premiums for motorcycles rise again, hitting new record of S ... (CNA)

This is the last tender under the current COE quota. The quota will drop by 13.7 per cent for the November to January quarter.

This is the last tender under the current COE quota. Bidding under this quota will start on Nov 7. Advertisement

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Image courtesy of "The Business Times"

Motorcycle COE premiums hit new high of S$12801, other ... (The Business Times)

MOTORCYCLES led the charge as certificate of entitlement (COE) premiums went up in all categories in the latest tender on Wednesday (Oct 19).

COE prices rise across the board, with motorcycle premiums hitting ... (TODAY)

SINGAPORE — Certificate of Entitlement (COE) prices rose across all categories at the end of the latest bidding exercise on Wednesday (Oct 19), with those ...

- Cat B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$110,000 (up from S$95,856) - Cat A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$81,089 (up from S$80,501) Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW went up by 0.73 per cent to S$81,089.

Motorcycle COE premiums hit new high of $12801, other categories ... (The Straits Times)

In the category for more powerful cars and EVs the COE price ended at $110000, up 14.8 per cent from $95856. Read more at straitstimes.com.

Wednesday’s tender results suggest that sales efforts have been more effective in tempting buyers of the bigger and more powerful cars and EVs than those in the market for cars in the lower category. In this case, car dealers may need the extra time to find enough buyers willing to put up with the high COE premiums. Mr Ron Lim, head of sales at Tan Chong Motor, said the overall market for the smaller and less powerful cars is still weak. More bids were received for larger and more powerful cars and EVs than before. The changes have made it more costly for dealers to let secured COEs expire - after they have driven up premiums with their bids. LTA’s announcement last Friday of the reduction in COE quota for the November 2022 to January 2023 quarter had prompted more buyers to head to the showrooms over the past weekend in a bid to net a good deal as they expect COE prices to go up further.

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