COE
SINGAPORE: Certificate of Entitlement (COE) premiums for September's 2nd bidding was released at the latest tender exercise last week on Wednesday (18 Sept).
Premiums for Cat A rose by $2,034 from $96,490 to $98,524 for smaller cars below 1600cc.
Cat B had also increased significantly by $3,701 from $106,300 to $110,001. Cat B has remained in the 6-digit figure range consecutively since the 1st bidding in April 2024.
Prices for Cat C goods vehicle & bus dropped by $1, from $74,001. to $74,000.
Prices for Cat D motorcycles rose slightly by $99, dropping from $9,801 to $9,900.
Prices for Cat E open category increased by $6,203, from $106,901 to $113,104.
Open category Cat E has recorded the highest for its category in 2024 at $113,104.
However, the demand has maintained relatively stable, with total bids received remaining in the 300+ range.
This shows prices for open category vehicles are still acceptable in the market with a healthy demand for Cat E vehicles.
For the upcoming months, the Land Transport Authority (LTA) has announced in July that the supplu of COEs for the August to October period will increase by 1 per cent as compared to the last quarter.
For those who would like to view historical COE Prices, you can look up our past news articles here.
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