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Wednesday, February 28, 2024
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COE: CATEGORY B CARS INCREASE BY OVER $4,000

Certificate of Entitlement (COE) prices at the latest bidding exercise today (9 Feb) increased amongst all categories at the end of the exercise today, with the highest increase spotted in Categories B and E.

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For those who do not know what is COE, it gives you the right to own, use and hold a vehicle in Singapore for 10 years on Singapore roads.

This means that before you can even drive or register a vehicle, you have to bid for a COE in the category which your vehicle is categorised under.

Small Cars

Small cars, up to 1,600cc & 97kW, saw their prices go up by 4.94 percent to an amount of $60,761.

Large Cars

Large cars, which are above 1600cc or 97kW, the prices go up to $86,102 as compared to the previous bidding exercise where the price was at $82,001.

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Goods vehicles and buses

This category saw prices go up by 2.33 percent to an amount of $44,001.

Motorcycles

The prices for motorcycles increased as well, to an amount of $10,010 as compared to the previous bidding exercise where the price was at $10,000.

Open category

Last but not least, in the open category which is a COE that can be used for any particular types of vehicles, the prices went up by 3.68 percent to an amount of $87,000.

Summary

In summary, here are the figures of all the prices and percentage increase amongst all the categories in this latest bidding exercise which closed on 9 February 2022.

  • Cat A (Cars up to 1600cc & 97kW) – Up 4.94 percent from $57,898 to $60,761.
  • Cat B (Cars above 1600cc or 97kW) – Up from the previous closing price of $82,001 to $86,102.
  • Cat C (Goods vehicles and buses) – Up 2.33 percent from $43,001 to $44,001.
  • Cat D (Motorcycles) – Up by $10 from $10,000 to $10,010.
  • Cat E (Open category) – Up 3.68 percent from $83,911 to $87,000.

Image source: Google Maps

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