Certificate of entitlement (COE) prices rose across the board except for motorcycles under the latest tender exercise on Aug 6.
The price for a Category B COE, meant for larger and more powerful cars and electric vehicles (EVs), increased by 3.7 per cent to $123,498 from $119,101.
This is the highest price for this category of COE since December 2023 when it hit $130,100.
At $102,009, the premium for a Category A COE, meant for smaller and less powerful cars and (EVs), was 0.9 per cent above the $101,102 at the previous exercise.
An Open category (Category E) COE was priced at $122,334, 1.9 per cent higher than the $120,000 at the previous exercise.
While Open category COEs can be used to register any vehicle type other than motorcycles, they tend to be used for bigger and more powerful cars.
A commercial vehicle (Category C) COE climbed 2 per cent from $68,600 to $70,001.
The price of a motorcycle COE (Category D) dipped 3.4 per cent to end at $9,189, from $9,511.
A COE is needed to register a vehicle in Singapore.
This is the first tender under the new three-month quota period where there are 2.6 per cent more COEs available for bidding than in the May to July period.
The Straits Times
