COE prices rise in all categories except big cars
PHOTO: The Straits Times file
PUBLISHED ONMarch 06, 2024 8:37 AMByDavid Ting
In the first COE bidding exercise of March 2024, Cat A closed at $83,000; Cat B closed at $96,010; Cat C closed at $75,599; Cat D closed at $9,400; while Cat E closed at $95,010.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,866 bids for 963 COEs and its premium climbed by $6,199. Category A COE closed at $83,000.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,073 bids for 708 COEs and its premium dipped by $990. Category B COE closed at $96,010.
Cat C (goods vehicle and bus) received 303 bids for 200 COEs and its premium increased by $2,598. Category C COE closed at $75,599.
Cat D (motorcycle) received 646 bids for 520 COEs and its premium increased by $489. Category D COE closed at $9,400.
Lastly, Cat E (all vehicles except motorcycle) received 282 bids for 159 COEs and climbed by $1,004. Category E COE closed at $95,010.
Here is a summary of the first COE bidding exercise for March 2024:
|
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $83,000 |
$76,801 |
+ $6,199 |
$83,385 (Feb 2024) $79,237 (Mar 2024) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $96,010 |
$97,000
|
– $990 |
$113,742 (Feb 2024) $106,075 (Mar 2024) |
| C – goods vehicle and bus | $75,599 |
$73,001 |
+ $2,598 |
$71,319 (Feb 2024) $70,171 (Mar 2024) |
| D – motorcycle | $9,400 |
$8,911 |
+ $489 |
$9,696 (Feb 2024) $9,248 (Mar 2024) |
| E – all vehicles except motorcycle | $95,010 |
$94,006 |
+ $1,004 |
Not applicable |
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