COE premiums rise except Category C; Open Category price hits all-time high of $124,501
COE premiums for cars up to 1,600cc and 130bhp and electric cars up to 147bhp closed 3.8 per cent higher at $90,589.
PHOTO: The Straits Times file
PUBLISHED ONApril 19, 2023 8:40 AM
In the 2nd COE bidding exercise for April 2023, Cat A closed at $103,721, Cat B at $120,899, Cat C at $75,334, Cat D at $12,179, and Cat E at $124,501.
Cat A (Cars up to 1600CC & 97KW) received 750 bids and increased by $7,220. It closed at $103,721.
Cat B (Cars above 1600CC or 97KW) saw 553 bids and increased by $2,388. It closed at $120,899.
Cat C (Goods Vehicle & Bus) received 116 bids and decreased by $1,467. It closed at $75,334.
Cat D (Motorcycles) received 510 bids in total with an increase of $178. It closed at $12,179.
Lastly, Cat E (Open Category) received 252 bids and saw an increase of $5,511. It closed at $124,501.
Here’s a summary of the 2nd bidding exercise for April 2023:
|
Category
|
Current COE
|
Previous COE
|
Difference
|
PQP
|
|---|---|---|---|---|
| A – Car up to 1600CC & 97KW | $103,721 |
$96,501 |
+ $7,220
|
$92,381 (May) |
| B – Car above 1600CC or 97KW | $120,899 |
$118,501 |
+ $2,388
|
$115,270 (May) |
| C – Goods Vehicle & Bus | $75,334 |
$76,801 |
- $1,467
|
$83,589 (May) |
| D – Motorcycle | $12,179 |
$12,001 |
+ $178
|
$12,061 (May) |
| E – Open | $124,501 |
$118,990 |
+ $5,511
|
S5,511 (May) |