Singapore
Singapore COE prices surge across the board, with motorcycles leading the jump at 9.2pc
ingapore’s certificate of entitlement (COE) prices rose across all categories at the latest tender exercise that closed on July 9.   — Unsplash pic/Jeyakumaran Mayooresan

SINGAPORE, July 9 — Singapore’s certificate of entitlement (COE) prices rose across all categories at the latest tender exercise that closed on July 9.

The Straits Times reported that the premium for Category A COE, which covers smaller and less powerful cars and electric vehicles, increased by 3 per cent to S$101,102 (RM335,569) from S$98,124 in the previous exercise.

The price for a Category B COE, meant for larger and more powerful cars and EVs, climbed 2.5 per cent to S$119,600 from S$116,670.

The Open Category COE, or Category E, rose 1.4 per cent to S$118,500, up from S$116,889 at the last exercise.

Open Category COEs can be used to register any vehicle except motorcycles, but are almost always used for larger and more powerful cars.

Category C COEs for commercial vehicles increased 2.6 per cent to S$66,689 from S$65,000.

The motorcycle COE premium under Category D jumped 9.2 per cent from S$8,600 to S$9,389.

A COE is required to register a vehicle in Singapore, and the cost is typically included in the vehicle’s price.

Related Articles

 

You May Also Like