COE prices rise across all categories except for motorcycles

Certificate of entitlement (COE) prices rose across the board, except for motorcycles, in the latest exercise on June 18.

- Esther Loi

The price of a Category B COE—meant for larger and more powerful cars and electric vehicles (EVs)—rose by 3.2 per cent to $116,670, from $113,000 recorded at the previous tender on June 4.

In Category A, meant for smaller and less powerful cars and EVs, the premium was $98,124, an increase of 1.2 per cent from $96,999 at the last exercise.

The COE prices for cars crept up after two consecutive rounds of declines.

The price of an Open category (Category E) COE was $116,889—2.6 per cent higher than the $113,900 at 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.

The commercial vehicle (Category C) COE premium was $65,000, climbing 4.8 per cent from $62,000 in the previous exercise.

The motorcycle (Category D) COE premium went against the trend, falling 4.4 per cent from $9,000 to $8,600.