COE premiums down across all categories for first time since June

Certificate of entitlement (COE) prices dropped slightly across all categories at the latest tender exercise on Oct 23. This is the first time COE premiums have dipped across the board since June.

- Esther Loi

The premium for a Category A certificate, which is used to register smaller, less powerful cars and electric vehicles (EVs), ended at $102,900—0.9 per cent lower than the $103,799 recorded at the previous exercise on Oct 9.

For Category B COEs, meant for larger, more powerful cars and EVs, the premium fell 1.8 per cent to $113,890, from $116,002.

The price of an Open category (Category E) COE was $114,700, 1.1 per cent lower than the previous premium of $116,000.

Such certificates can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars.

The commercial vehicle (Category C) COE premium was $72,939, 2.8 per cent lower than the $75,009 recorded in the previous exercise.

The motorcycle (Category D) COE premium dropped by 4.1 per cent, from $10,001 two weeks ago to $9,589 in the latest tender.