CERTIFICATE of Entitlement (COE) premiums for passenger cars all rose in April’s first round of bidding, with the category for larger, more powerful cars rising above S$100,000 after a steady decline over the past two months.
The price for Category A, used to register mainstream cars, rose 4.1 per cent or S$3,511 to S$89,000.
The Category A COE applies to cars with engine capacities of up to 1,600 cubic centimetres (cc), or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
The premium for larger, more powerful cars – Category B – rose the most. It increased 5.5 per cent or S$5,323 to S$101,334.
Category B is for cars with engines of more than 1,600 cc in capacity, or more than 97 kW, or for EVs with more than 110 kW.
Premiums in this category had been on a steady decline from a peak of S$112,00 in January’s second round of bidding; they hovered below S$100,000 for the previous three rounds of bidding.
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Category E, the open category, went up by 5.4 per cent or S$5,146 to S$101,002.
While a COE from this category can be used to register any type of motor vehicle (except for motorcycles), it is typically used to register passenger cars that would fall under Category B.
Category C, applicable to commercial vehicles and buses, was the only category to fall in price, dropping 3.7 per cent or S$2,611 to S$67,501.
Prices for Category D, for motorcycles, rose 3.2 per cent or S$311, to S$10,000.
