In the most recent bidding exercise on Wednesday ( Apr 17 ), Certificate of Entitlement ( COE ) premiums closed largely higher.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$ 94,010 ( US$ 68,960 ), up from S$ 89,000 in the last exercise. The last time the Category A price was above S$ 90,000 was on Nov 8, 2023.
Premiums for larger and more powerful cars in Category B rose to S$ 102,001 from S$ 101,334.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$ 103,249 from S$ 101,002.
Motorcycle premiums closed at S$ 9,990, down slightly from S$ 10,000 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, increased to S$ 68,502 from S$ 67,501 in the previous bidding exercise.
A full of 3,624 proposals were received, with a limit of 2,498 COEs accessible.