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Higher premiums for large vehicles in latest COE tender

COE premiums for larger vehicles rose in the latest tender for 8 May, with Category B increasing by 2.9% to S$105,002 and the Open category up 1.4% to S$104,689.



The latest Certificate of Entitlement (COE) tender closed on a varied note on 8 May, with premiums for smaller car and motorcycle categories experiencing a dip, while those for larger vehicles and electric cars saw increases. This marks the first tender under the new three-month quota period running from May to July 2024.

In the results, COE premiums for Category B, which includes larger and more powerful cars as well as electric vehicles, rose by 2.9% to S$105,002, up from S$102,001 at the previous tender. Similarly, the Open category COE, which can be used for any vehicle type except motorcycles and is typically utilized for bigger cars, increased by 1.4% to S$104,689 from S$103,249.

Conversely, premiums for Category A, designated for smaller and less powerful cars, saw a slight decline of 0.4%, ending at S$93,604 compared to S$94,010 two weeks prior. The commercial vehicle segment (Category C) also reported an increase, with COE premiums rising by 2.2% to S$70,001 from the previous S$68,502.

The motorcycle category (Category D) witnessed the most significant drop, with premiums falling by 4.9% to S$9,503, down from S$9,990.

The Land Transport Authority (LTA) earlier announced that the COE quota for the current quarter (May to July 2024) would be set at 15,104, reflecting a 3% increase from the last quarter. This adjustment includes 266 temporary COEs (TCOEs) from the previous period that expired and are now available for bidding. While the quotas for Categories A, B, and C have increased by 1-5%, the quota for motorcycles (Category D) will remain unchanged.

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PAPeee & CB HONG cash register clinking NON -stop,papee add another few biilion to the budget surplus

Why is there coe up again? Thought they already brought back future coe quota and push the problem to the future?

I­ g­e­t­ p­a­i­d­ o­v­e­r­ $220 p­e­r­ h­o­u­r­ w­o­r­k­i­n­g­ f­r­o­m­ h­o­m­e­ w­i­t­h­ 2 k­i­d­s­ a­t­ h­o­m­e­. i­ n­e­v­e­r­ t­h­o­u­g­h­t­ i­’d­ b­e­ a­b­l­e­ t­o­ d­o­ i­t­ b­u­t­ m­y­ b­e­s­t­ f­r­i­e­n­d­ e­a­r­n­s­ o­v­e­r­ 15k­ a­ m­o­n­t­h­ d­o­i­n­g­ t­h­i­s­ a­n­d­ s­h­e­ c­o­n­v­i­n­c­e­d­ m­e­ t­o­ t­r­y­. t­h­e­ p­o­t­e­n­t­i­a­l­ w­i­t­h­ t­h­i­s­ i­s­ e­n­d­l­e­s­s­… 

More infor… 𝐖𝐰𝐰.𝐏𝐚𝐲𝐬𝟕𝟕.𝐜𝐨𝐦

If you dont have access to police escorts that will part the traffic like Moses and the sea, its not worth the $160,000 for a simple Toyota.. even if its 2nd hand.. which will cause you more headache & time.

Normal service has resumed !!! !!!