COE prices for larger cars soar above S$110,000 in latest bidding exercise

COE prices for larger cars soar above S0,000 in latest bidding exercise

The most significant increase was seen in the most recent bidding exercise on Wednesday ( Sep 18 ) for Certificate of Entitlement ( COE ) premiums for larger cars. &nbsp,

Premiums for larger and more powerful cars in Category B rose to S$ 110, 001 ( US$ 85, 000 ) from S$ 106, 300.

Open class Submissions, which can be used for any car form but end up being used primarily for huge cars, increased to S$ 113, 104 from S$ 106, 901. This is the Category E highest this time. &nbsp,

For Category A vehicles, or those 1, 600cc and above with power never exceeding 130bhp, rates closed at S$ 98, 524, away from S$ 96, 490 in the last workout.

Motorcycle prices closed at S$ 9, 900, away from S$ 9, 801.

Just Department prices for industrial vehicles, which include goods vehicles and buses, registered a fall- from S$ 74, 001 to S$ 74, 000.

A full of 3593 proposals were received, with a limit of 2567 COEs accessible.