COE premiums for smaller cars and motorcycles fall while prices for bigger cars rise to $105k

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In the second COE bidding exercise of May 2024, Cat A closed at $92,700; Cat B closed at $105,689; Cat C closed at $72,001; Cat D closed at $9,311; while Cat E closed at $105,002. Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,444 bids for 983 COEs and its premium dipped by...

PHOTO: The Straits Times fileIn the second COE bidding exercise of May 2024, Cat A closed at $92,700; Cat B closed at $105,689; Cat C closed at $72,001; Cat D closed at $9,311; while Cat E closed at $105,002.

Cat B received 1,099 bids for 658 COEs and its premium climbed by just $687. Category B COE closed at $105,689. Cat D received 604 bids for 526 COEs and its premium decreased by merely $192. Category D COE closed at $9,311.

 

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