COE prices end higher across all categories

There were high rises for Certificate of Entitlement (COE) prices across all categories, with one setting a new record at the latest tender for February 2012.

The biggest all-time high to set the new record was the COE for goods vehicles and buses. It closed at $52,004, up from $49,801 in the last bid two weeks ago.

The COE for cars above 1,600cc closed at $78,189, up from $73,890.

The Open category COE closed at $78,000, up from $73,801. Open category cars are mainly used for big cars eventhough any type of vehicle can be registered under it.

Premiums for cars 1,600cc and below and taxis ended at $57,009, up from $52,809.

The Straits Times reported that these bids are the highest since the late-1990s.

The COE for motorcycles ended at $2,012, an increase from $1,802.

Local news reports said it may take another few rounds of bidding before prices go down again as there is still a backlog of unsuccessful bids.

February 2nd bidding
Category	Feb 22 prices	Feb 08 prices
Cars (1,600cc & below, taxis)	$57,009	$52,809
Cars (above 1,600cc)	$78,189	$73,890
Commercial vehicles	$52,004	$49,801
Motorcycles	$2,012	$1,802
Open category	$78,000	$73,801