COE prices fall across most categories; Cat B down by $25k
PHOTO: The Straits Times file
PUBLISHED ONJanuary 04, 2024 8:34 AMByDavid Ting
In the very first COE bidding exercise of 2024, Cat A closed at $65,010; Cat B closed at $85,010; Cat C closed at $67,599; Cat D closed at $9,114; while Cat E closed at $106,388.
Cat A (car up to 1600cc or 130bhp, and EV with up to 110kW) received 1,184 bids for 924 COEs and its premium dropped by $19,990. Category A COE closed at $65,010.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 850 bids for 633 COEs and its premium dropped by $24,991. Category B COE closed at $85,010.
Cat C (goods vehicle and bus) received 340 bids for 193 COEs and its premium decreased by $1,824. Category C COE closed at $67,599.
Cat D (motorcycle) received 666 bids for 523 COEs and its premium increased by just $112. Category D COE closed at $9,114.
Lastly, Cat E (all vehicles except motorcycle) received 263 bids for 149 COEs and dropped by $12,000. Category E COE closed at $106,388.
Here is a summary of the first COE bidding exercise for January 2024:
|
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc or 130bhp, and EV up to 110kW | $65,010 |
$85,000 |
– $19,990 |
$99,449 (Dec 2023) $93,952 (Jan 2024) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $85,010 |
$110,001
|
– $24,991 |
$136,187 (Dec 2023) $130,241 (Jan 2024) |
| C – goods vehicle and bus | $67,599 |
$69,423 |
– $1,824 |
$81,545 (Dec 2023) $77,168 (Jan 2024) |
| D – motorcycle | $9,114 |
$9,002 |
+ $112 |
$10,758 (Dec 2023) $10,302 (Jan 2024) |
| E – all vehicles except motorcycle | $106,388 |
$118,388 |
– $12,000 |
Not applicable |
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