COE prices for larger cars soar above S$110,000 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.