COE prices rise across the board except for Category C
PHOTO: The Straits Times file
PUBLISHED ONMarch 20, 2024 8:55 AMByDavid Ting
In the second COE bidding exercise of March 2024, Cat A closed at $85,489; Cat B closed at $96,011; Cat C closed at $70,112; Cat D closed at $9,689; while Cat E closed at $95,856.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,922 bids for 936 COEs and its premium climbed by $2,489. Category A COE closed at $85,489.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,066 bids for 656 COEs and its premium climbed by a single dollar. Category B COE closed at $96,011.
Cat C (goods vehicle and bus) received 313 bids for 202 COEs and its premium decreased by $5,487 — or about 7.2 per cent. Category C COE closed at $70,112.
Cat D (motorcycle) received 629 bids for 521 COEs and its premium increased by $289. Category D COE closed at $9,689.
Lastly, Cat E (all vehicles except motorcycle) received 256 bids for 157 COEs and climbed by $846. Category E COE closed at $95,856.
Here is a summary of the second COE bidding exercise for March 2024:
|
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $85,489 |
$83,000 |
+ $2,489 |
$83,385 (Feb 2024) $79,237 (Mar 2024) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $96,011 |
$96,010
|
+ $1 |
$113,742 (Feb 2024) $106,075 (Mar 2024) |
| C – goods vehicle and bus | $70,112 |
$75,599 |
– $5,487 |
$71,319 (Feb 2024) $70,171 (Mar 2024) |
| D – motorcycle | $9,689 |
$9,400 |
+ $289 |
$9,696 (Feb 2024) $9,248 (Mar 2024) |
| E – all vehicles except motorcycle | $95,856 |
$95,010 |
+ $846 |
Not applicable |
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