COE prices in both car categories rise in wake of S'pore Motorshow

The price of a Category A certificate of entitlement (COE) rose by 7.3 per cent on Jan 21, while the Category B premium rose by 2.1 per cent.

- Vanessa Paige Chelvan Correspondent

The Mercedes booth at the Singapore Motorshow in Suntec Singapore on Jan 8. Dealers had expected COE prices to rise after the show because of strong car sales, and noted that the event drew a record 37 exhibitors.

(ST PHOTO: GAVIN FOO)

The premium for a Category A COE, meant for smaller and less powerful cars and electric vehicles (EVs), was $109,501, up from $102,009 at the previous exercise that closed on Jan 7.

Meanwhile, the premium for a Category B COE, for larger and more powerful cars and EVs, rose from $119,100 to $121,634.

In the Open category, otherwise known as Category E, the price of a certificate dipped nearly 1 per cent from $122,000 to $120,891.

Certificates in this category can be used to register any vehicle type except motorcycles and usually end up being used for bigger cars.

Such certificates are also transferable, giving motor dealers the flexibility to register cars without having to wait for the next tender exercise.