COE Premiums Mostly Up, With Category B at Highest Level Since December 2023

Certificate of entitlement (COE) prices rose across the board except for motorcycles at the latest tender exercise on Aug 6.

- Lee Nian Tjoe

The price for a Category B COE, meant for larger and more powerful cars and electric vehicles (EVs), increased by 3.7 per cent to $123,498 from $119,101.

This is the highest price for the COE category since December 2023 when it hit $130,100.

At $102,009, the premium for a Category A COE, meant for smaller and less powerful cars and EVs, was 0.9 per cent above the $101,102 price at the previous exercise.

The Open category (Category E) COE was priced at $122,334, 1.9 per cent higher than the $120,000 price at the previous exercise.

While Open category COEs can be used to register any vehicle type other than motorcycles, they tend to be used for bigger and more powerful cars.

The commercial vehicle (Category C) premium climbed 2 per cent from $68,600 to $70,001.

The price of a motorcycle COE (Category D) dipped 3.4 per cent to end at $9,189, from $9,511.