（Singapore Aug 23, 2023） Certificate of Entitlement (COE) prices have hit fresh record highs for both large cars and the Open category.
The latter covers any type of vehicle except motorcycles.
In the recent bidding exercise that ended today, COE prices rose in all but one category of motorcycles.
Demand exceeded supply with a total of 2,710 bids received, but a quota of only 1,854 COEs available.
Large cars (above 1,600cc or 97kW) or fully electric cars with output over 110kW saw premiums rise 2.4% from the previous high of S$126,889 in the previous bidding exercise to S$129,890.
In the open category, premiums went up by 3.8% to S$131,000 from S$126,201, which was the previous high.
Premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with output of up to 110kW saw 0.5% to S$100,000.
COE pricesFor goods vehicles and buses went up by 0.85 per cent to S$82,801.
