In the latest(Feb 09) bidding of Certificate of Entitlement (COE) the prices across all classes of vehicles have increased yet again.
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The latest COE bidding prices
- For cars up to 1,600cc – $60,761 (Increase of $2,863)
- Cars above 1600cc – $86,102 (Increase of $4,101)
- Commercial Vehicles – $44,001 (Increase of $1,000)
- Motorcycle – $10,010 ( Increase of $10)
- Open – $87,000 Increase of $3089)
CAT A vehicles have not crossed $60,000 since 2015, CAT B vehicles had a significant increase of $4,101.
The last COE exercise brought motorcycle’s COE to $10,000 and it further increase another $10 this month.
The quote was 1,758 and 2,657 bids were made.