COE prices end mixed: Cat A and B see dip, Open category edges up
![COE prices end mixed: Cat A and B see dip, Open category edges up](https://media.asiaone.com/sites/default/files/styles/article_top_image/public/original_images/Aug2024/20242108_COETrafficSingapore_UnSplashJiachenLin.jpg?itok=07KyqJm8)
In the second Certificate of Entitlement (COE) bidding exercise for August 2024, premiums ended mixed, with prices for smaller and bigger vehicles dropping.
Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went down by $389 to end the bidding exercise at $93,900.
Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums go down by $212 to end at $105,889.
Cat C, which are for goods vehicles and buses, saw prices go up by $1,300 to end the bidding exercise at $72,400.
Cat D, which are reserved for motorcycles, went down by $291 to close at $9,310.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $762 to finish the exercise at $106,001.
Here's a summary of the second COE bidding exercise for August 2024:
Category | Current COE | Previous COE | Difference | PQP* |
A | $93,900 | $94,289 | $389 | $91,383 (Aug) $91,697 (Sep) |
B | $105,889 | $106,101 | $212 | $102,423 (Aug) $102,639 (Sep) |
C | $72,400 | $71,100 | $1,300 | $70,516 (Aug) $70,766 (Sep) |
D | $9,310 | $9,601 | $291 | $9,133 (Aug) $9,149 (Sep) |
E | $106,001 | $105,239 | $762 | Not applicable |
*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.