SINGAPORE: Certificate of Entitlement ( COE ) premiums for all categories hit new highs for 2024 in the latest bidding exercise on Wednesday ( Oct 9 ).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$ 103,799 ( US$ 79,600 ), up from S$ 98,524 in the previous exercise.
Premiums for larger and more powerful cars in Category B rose to S$ 116,002 from S$ 110,001.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$ 116,000 from S$ 113,104.
COEs for business automobiles, which include items vehicles and cars, rose to S$ 75,009 from S$ 74,000 in the previous bidding exercise.
Motorcycle premiums closed at S$ 10,001, up from S$ 9,900 in the last exercise.
A full of 3,959 proposals were received, with a limit of 2,585 COEs accessible.