Wednesday, February 8, 2012

COE prices up across the board

SINGAPORE - Certificate of Entitlement (COE) prices moved upwards across all categories at the close of February's first bidding exercise today.

Premiums for Cat A - cars up to 1,600cc and taxis - registered a 9.8 per cent increase from last month's bidding to $52,809.

COE prices for cars above 1,600cc (Cat B) and the open category (Cat E) crossed the $70k mark, finishing at $73,890 and $73,801 respectively. This was an 8.8 per cent increase for Cat B and a 10 per cent jump for Cat E.

The open category can be used to register for any vehicle type but is usually used for big cars.

The goods vehicle and bus category, Cat C, saw the largest increase of 13.2 per cent from $44,001 to $49,801, which is also an all-time high.

COE premiums for motorcycles, Cat D, increased from $1,552 to $1,802.

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