COE prices rise across the board except for commercial vehicles
PHOTO: The Straits Times file
PUBLISHED ONApril 03, 2024 8:52 AMBYDavid Ting
In the first COE bidding exercise of April 2024, Cat A closed at $89,000; Cat B closed at $101,334; Cat C closed at $67,501; Cat D closed at $10,000; while Cat E closed at $101,002.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,917 bids for 975 COEs and its premium climbed by $3,511. Category A COE closed at $89,000.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,206 bids for 653 COEs and its premium climbed by $5,323. Category B COE closed at $101,334.
Cat C (goods vehicle and bus) received 348 bids for 197 COEs and its premium decreased by $2,611. Category C COE closed at $67,501.
Cat D (motorcycle) received 601 bids for 520 COEs and its premium increased by $311. Category D COE closed at $10,000.
Lastly, Cat E (all vehicles except motorcycle) received 320 bids for 164 COEs and climbed by $5,146. Category E COE closed at $101,002.
Here is a summary of the first COE bidding exercise for April 2024:
| Category | Current COE | Previous COE | Difference | PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $89,000 | $85,489 | + $3,511 | $79,237 (March 2024) $78,482 (April 2024) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $101,334 | $96,011
| + $5,323 | $106,075 (March 2024) $98,062 (April 2024) |
| C – goods vehicle and bus | $67,501 | $70,112 | – $2,611 | $70,171 (March 2024) $71,053 (April 2024) |
| D – motorcycle | $10,000 | $9,689 | + $311 | $9,248 (March 2024) $9,286 (April 2024) |
| E – all vehicles except motorcycle | $101,002 | $95,856 | + $5,146 | Not applicable |
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