Cat A COE price rebounds after falling in last 2 rounds

Fear of rising backlog of orders that need to be delivered may have driven hike: Dealer

- Lee Nian Tjoe

The price of a Category A certificate of entitlement (COE) climbed to $92,850 at the latest tender exercise on Feb 19.

This was 9.2 per cent higher than the premium recorded at the previous exercise in early February, reversing a downward trend that began at the second COE tender in January, when the Category A price fell from $93,699 to $93,601. It then tumbled to $85,000 on Feb 5.

Category A COEs are used to register smaller and less powerful cars and electric vehicles (EVs).

At $109,598, the premium for a Category B COE – meant for larger and more powerful cars and EVs – dipped by 1.4 per cent on Feb 19, from $111,104 recorded at the last exercise two weeks ago.

For Open category (Category E) COEs, the premium was $110,002 – $2 higher than before.

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