Latest news with #SingaporeCars
CNA
21-05-2025
- Automotive
- CNA
COE premiums close mostly lower in latest bidding exercise
SINGAPORE: Certificate of Entitlement (COE) prices fell across most categories in the latest bidding exercise on Wednesday (May 21), with commercial vehicles being the sole exception. For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$102,501 (US$79,397), down from S$103,009 in the last exercise. Premiums for larger and more powerful cars in Category B fell to S$116,988 from S$119,890. COEs for commercial vehicles, which include goods vehicles and buses, increased to S$63,189 from S$62,590. Motorcycle premiums dipped by $2 to S$8,707. Open category COEs, which can be used for any vehicle type but end up being mainly used for large cars, dropped to S$118,010 from S$118,889. A total of 4,432 bids were received, with a quota of 3,060 COEs available. Last month, the Land Transport Authority (LTA) announced that the COE quota for the May to July period will go up by more than 6 per cent compared with the previous quarter. The total number of COEs will rise to 18,232, up from 17,133 in the last quarter, which already saw an 8 per cent increase.
CNA
07-05-2025
- Automotive
- CNA
COE premium for smaller cars crosses S$100,000 mark for first time since October 2024
SINGAPORE: Certificate of Entitlement (COE) premiums for Category A and Category B cars both rose in the latest bidding exercise on Wednesday (May 7). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$103,009, up from S$99,500 in the last exercise. This is the first time since October last year that Cat A prices have crossed S$103,000. Premiums for larger and more powerful cars in Category B went up to S$119,890 from S$117,003, while Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$118,889 from S$118,001 - their highest levels since this January. COEs for commercial vehicles, which include goods vehicles and buses, fell to S$62,590 from S$65,001 in the previous bidding exercise. Motorcycle premiums closed at S$8,709, down from S$9,309 in the last exercise. A total of 4,896 bids were received, with a quota of 3,094 COEs available. The Land Transport Authority (LTA) announced last month that the COE quota for the May to July period will go up by more than 6 per cent compared with the previous quarter. The total number of COEs will rise to 18,232, up from 17,133 in the previous quarter, which had already seen an 8 per cent increase.
