COE prices for cars largely unchanged; premium for commercial vehicles up 2.9%

Latest tender exercise is last under current 3-month quota period

- Lee Nian Tjoe

Certificate of entitlement (COE) prices for cars stayed largely unchanged, while the premium for commercial vehicles rose by 2.9 percent at the latest tender exercise on July 23.

This comes after premiums rose across the board a fortnight ago.

At $101,102, the premium for a Category A COE, meant for smaller and less powerful cars and electric vehicles (EVs), remained unchanged from the previous exercise.

The premium for a Category B COE, meant for larger and more powerful cars and EVs, was $119,101, decreasing by a marginal 0.4 percent from $119,600.

The price of an Open category (Category E) COE was $120,000, 1.3 percent higher than the $118,500 at the previous exercise. Open category COEs can be used to register any vehicle type other than motorcycles, but are almost always used for bigger and more powerful cars.

The commercial vehicle (Category C) COE climbed 2.9 percent from $66,689 to $68,600.