Car ownership costs are on the rise as the price of a Category A certificate of entitlement (COE) hit a record high of S$129,000 at the July 8 tender exercise. The rises are not limited to just Category A, which includes smaller, less powerful cars and electric vehicles (EVs).
The price of Category B COEs, used to register larger, more powerful cars and EVs, went up 6 per cent to S$130,889. Commercial vehicle (Category C) COEs climbed 2.1 per cent to S$95,000. The motorcycle (Category D) COE premium increased by 2.1 per cent to S$10,201. The price of an Open category (Category E) COE, used to register any vehicle type except motorcycles, climbed 0.6 per cent to S$129,801.
