Singapore
COE prices drop across most categories in 7 February tender
In the latest COE tender on 7 February, prices fell for most vehicle categories, except for commercial vehicles which saw a 5.9% increase. The biggest drop was in Category B, with an 8.6% decrease.
![](https://gutzymedia.s3.ap-northeast-2.amazonaws.com/wp/2024/02/07182803/featured-image-COE-1-1.png)
SINGAPORE — In the latest Certificate of Entitlement (COE) tender on 7 February, prices saw a decline across nearly all categories, with the exception of commercial vehicles, which experienced a notable increase.
The premium for commercial vehicle COEs surged by 5.9% to S$72,001, up from S$68,001 noted in the tender three weeks prior.
Conversely, premiums for other COE categories witnessed declines ranging from 0.2% to 8.6%.
Category B COEs, designated for larger and more powerful vehicles, experienced the most significant drop, plunging 8.6% to S$102,338 from S$112,000 in the previous tender.
Category A COEs, for smaller and less powerful cars, decreased by 3.2% to S$79,000, down from S$81,589 in January.
The Open category COE, applicable to any vehicle type except motorcycles and predominantly used for larger cars, closed at S$100,101, marking an 8.2% decrease from S$109,004 at the last auction.
Meanwhile, the motorcycle COE premium slightly fell by 0.2% to S$9,290, from S$9,309.
This tender, the first in the new three-month quota period spanning February to April, features a 2.2% increase in the number of certificates available compared to the previous three months.
The interval between this and the last tender on 17 January was extended to three weeks, a week longer than the usual fortnightly gap, which typically allows dealers to accumulate more sales orders.
![](https://gutzy.asia/wp-content/uploads/2023/10/Gutzy-Logo-whiteS.png)
-
Singapore4 days ago
Dr Tommy Koh: “INCOME and Fairprice should never be sold”
-
Business1 day ago
Concerns over conflict of interest and corporate governance arise in Income’s sale to Allianz
-
Singapore2 weeks ago
Youngest self-radicalised Singaporean and 33-yr-old former public servant issued restriction order under ISA
-
Comments2 weeks ago
Voters interviewed at West Coast GRC, expressed hope for PSP representation in Parliament
-
Singapore2 weeks ago
Singapore’s birth rates decline by 5.8% as total fertility rate drops below 1
-
International2 weeks ago
Attempted assassination at Donald Trump rally in Pennsylvania: Shooter and one attendee dead, two critically injured
-
Singapore1 week ago
AGO Report reveals lapses in MOE’s school projects; Police report filed over possible falsifications
-
Singapore2 days ago
NTUC Enterprise Chairman assures affordable insurance for lower-income customers amid Allianz deal concerns
Still too high.