COE prices mostly higher; Open category premium hits $113,104

Certificate of entitlement (COE) premiums climbed across most categories on Sept 18, with the Open category recording the biggest rise to hit $113,104.

- Lee Nian Tjoe

This is the highest since December 2023, when the price of an Open category (Category E) certificate was $118,388.

At $98,524, the price of a Category A COE, meant for smaller and less powerful cars and electric vehicles (EVs), was 2.1 per cent higher than the $96,490 recorded at the previous exercise on Sept 4.

It is the highest Category A price so far in 2024.

For Category B COES, used to register larger and more powerful cars and EVs, the premium was $110,001, up 3.5 per cent from $106,300 previously.

The Open category COE premium of $113,104 was 5.8 per cent higher than the $106,901 from the previous round. Such certificates can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars.

The commercial vehicle (Category C) COE premium stayed flat at $74,000, just $1 below the price set two weeks ago.