Singapore
COE prices surge across all categories in latest tender on 7 August
Certificate of Entitlement (COE) prices rose across the board at the latest tender on 7 August, with the premium for larger cars recording the largest increase.
Certificate of Entitlement (COE) prices rose across the board at the latest tender on 7 August, with the premium for larger cars recording the largest increase.
The premium for Category B certificates, which are meant for larger and more powerful cars and electric vehicles (EVs), surged to S$106,101. This represents a 6.1 per cent increase from the S$100,000 recorded at the last exercise three weeks ago. The S$6,101 hike follows a S$901 dip in the COE premium for this category during the previous round.
Category A COEs, designated for smaller and less powerful cars and EVs, also saw a rise. The premium climbed 2.6 per cent to S$94,289, up from S$91,899. This marks the fourth consecutive increase in the COE premium for this category.
In the Open category (Category E), the COE premium ended at S$105,239, which is 4.9 per cent higher than the previous price of S$100,341. Although Open category certificates can be used to register any vehicle type except motorcycles, they are predominantly utilised for larger and more powerful cars and EVs.
Motorcycle COEs (Category D) experienced a 5.6 per cent increase, reaching S$9,601, up from S$9,089.
The COE premium for commercial vehicles (Category C) ended at S$71,100, showing a modest increase of 0.7 per cent from the S$70,601 registered at the previous tender.
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Singaporeans are extremely wealthy If not, then they are willing to work to pay off car loans/ car rental fees. The money must originate from somewhere. Mostly from people who drive PHVs, and people with very, very fat wallets. All it takes is $150 a day to drive a brand new car rented from GRAB or its associate companies. These renters are not thinking longer term. The image of them driving a brand new car is extremely attractive. Until they find that their bank accounts are on thin ice, with no more money when they are in their 70s or… Read more »
PAPeee HUAT Aaaahhhhh!!!!!
Didn’t CHT claimed they will cater future COEs to cool off the COE prices.
Obviously, there above didn’t work. I think we should just abolishes COE and ERP entirely. Then build more roads for the cars to reduce congestions.
Just in time for the nation’s 59th birthday, where everything is on the up !!!
From leasehold public housing to your teh oh siew tye, or your electricity bill to your Toyota Altis, … nothing will keep the great nation that is SillyPore down !!!
Question is, … can the people keep up with the rises on just about every~thing !!!