With COE prices soaring for the past year, buying a car or a motorcycle has been getting more unaffordable.
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.
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|