THE price of Certificates of Entitlement (COEs) used to register mainstream cars had the largest increase among all categories in the first round of COE bidding in March.
Prices for all other categories also rose, except those used for larger, more powerful cars.
The price for Category A, for mainstream cars, rose 8.1 per cent or S$6,199 to S$83,000.
This is the category’s highest price so far this year, eclipsing the previous peak of S$81,589 in January’s first round of bidding.
The Category A COE applies to cars with engines up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or electric vehicles (EVs) with up to 110 kW of power.
Category B, used for larger or more powerful cars, was the only category to drop in price.
It fell 1 per cent or S$990 to S$96,010. This latest drop continues Category B’s price moderation, as its premium has fallen in every round this year to date.
It is used to register cars with engines more than 1,600 cc in capacity or that have more than 97 kW, or EVs with more than 110 kW.
Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, increased 1.1 per cent or S$1,004 to S$95,010.
Prices for Category C, applicable to commercial vehicles and buses, rose 3.6 per cent or S$2,598 to S$75,599. The premium for Category C has been on an uptrend in 2024, increasing in every round from S$67,599 in January’s first round of bidding.
Category D, used for motorcycles, increased 5.5 per cent, or S$489, to S$9,400.
