Category B COE price climbs to $129,890; Category A rate dips

Certificate of entitlement (COE) prices climbed 12.9 per cent to $129,890 for larger cars on Nov 19, after falling over the last two exercises.

- Vanessa Paige Chelvan Correspondent

The Category B COE price for larger cars rebounded after falling over the last two exercises. The narrow price gap with Category A in the last tender could have driven interest in Category B cars, pushing up the price. ST PHOTO: LIM YAOHUI

(ST PHOTO: LIM YAOHUI)

Premiums rose in all other categories except that for smaller cars, which dipped to $109,000.

The price of a Category A certificate, meant for smaller and less powerful cars and electric vehicles (EVs), was 0.9 per cent lower than the $110,002 at the previous exercise.

The Category B COE premium for larger and more powerful cars and EVs rose from $115.001 in the previous exercise to $129,890.

The Open category (Category E) premium went up by 3.3 per cent from $121,010 to $125,001. Open category certificates can be used to register any vehicle type except motorcycles, but end up mostly for bigger cars.

As such certificates are transferable, they give motor dealers the flexibility to register cars without having to wait for the next tender exercise.