Cat A COE price exceeds Cat B for third time in 4 months; premiums mostly down

The price of a Category A certificate of entitlement (COE) fell by 1.7 per cent on June 17 to $123,847. It surpassed the Category B premium of $123,502.

- Aqil Hamzah

This is the third time in four months that the Category A COE price has been higher than Category B’s.

In the last tender on June 4, there was a $980 difference between the two categories, with the premium for Category B — meant for larger, more powerful cars and electric vehicles (EVs) — costing more.

Other than the Open category (Category E) COE, premiums for all other categories fell on June 17.

In the previous tender, a Category A COE, for smaller, less powerful cars and EVs, cost $126,009. The Category B premium was $126,989 then, with the latest premium of $123,502 a 2.7 per cent decrease.

COE tender exercises are conducted twice a month.

For the Open category, the premium rose by $2, from $129,000 to $129,002.