With COE prices soaring for the past year, buying a car or a motorcycle has been getting more unaffordable.
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Yesterday (September 20), the latest bidding results recorded S$11,589 for motorcycles, which is a record high.
The COE for Trucks, Vans and lorrys also increased.
Compared to the last bidding, motorcycle COE increased from S$11,301 to S$11,589.
Cars that are up to 1.6CC and electric vehicles with up to 110KW (CAT A) dropped to $84,000. $2,000 lesser than the last bidding.
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For CAT B vehicles, the COE price is at $108,051, decreased from $113,000.
Commercial vehicles increased from S$64,989 to $67,001.
| COE Category | CAT A CARS ≤ 1600cc & 130bhp, or 110kW | CAT B CARS > 1,600cc or 130bhp, or 110kW | CAT C GOODS VEHICLE & BUS | CAT D MOTORCYCLE | CAT E OPEN-ALL EXCEPT MOTORCYCLE |
|---|---|---|---|---|---|
| Quota Premium | $84,000 | $108,051 | $67,001 | $11,589 | $107,201 |
| Change | $2,000 | $4,949 | $2,012 | $288 | $6,098 |
| Quota | 543 | 471 | 83 | 512 | 176 |
| Bids Received | 759 | 553 | 157 | 658 | 297 |
| PQP | $78,930 (Sep) $82,465 (Oct) | $107,249 (Sep) $109,643 (Oct) | $55,014 (Sep) $59,344 (Oct) | $10,701 (Sep) $11,132 (Oct) | – |