COE prices ease in most categories; Cat B premium down 2.4%

Certificate of entitlement (COE) prices eased across most categories — including for cars — at the latest exercise on May 21.

- Lee Nian Tjoe

The price of a Category A COE — meant for smaller and less-powerful cars and electric vehicles (EVs) — was down 0.5 per cent to $102,501, from $103,009 recorded at the previous tender on May 7.

This comes after the price of a Category A COE rose over the past four tender exercises.

In Category B, meant for larger and more powerful cars and EVs, the premium was $116,988, a drop of 2.4 per cent from $119,890 at the last exercise.

The price of an Open category (Category E) COE was $118,010 — 0.7 per cent lower than the $118,889 in the previous exercise.

Although Open category COEs can be used to register any vehicle type other than motorcycles, they are almost always used for bigger and more powerful cars.

At $8,707, the motorcycle (Category D) COE premium was $2 lower than the previous price of $8,709.

The commercial vehicle (Category C) COE premium bucked the trend, rising 1 per cent to $63,189, from $62,590.