COE premiums for small cars hit S$81,889
By Sumita Sreedharan | 19 December 2012 Wednesday | 04:35 PM
SINGAPORE - Certificate of Entitlement (COE) premiums for vehicles rose in most categories, with the premium for small cars hitting another all time high, at the end of the latest bidding exercise today.
The premium for cars 1,600 cc and below (Category A) finished at S$81,889, up for the previous high of S$78,523 which was recorded at the last bidding exercise.
The COE premium for big cars (1,601cc and above) also rose by 3.7 per cent from S$90,200 in the earlier bidding exercise to S$93,501 while the premium for motorcycles increased by 5.5 per cent to S$1,701.
In the Open category, where COEs can be used for any vehicle type, the premium dropped by 1 per cent to S$95,990 from S$97,000 at the beginning of this month and the premiums for commercial vehicles also saw a 1.3 per cent dip to finish at S$62,201.