Certificate of entitlement (COE) premiums ended lower for all categories except smaller and less-powerful cars at the latest tender that closed on Dec 6, with some motor traders attributing the weaker demand for COEs to more people travelling during the year-end holiday season.
The COE premium for Category A, for smaller and less-powerful cars, climbed to $88,020 - 3.6 per cent higher than the $85,001 recorded at the last exercise.
The price of Category B COES, which are for larger and more powerful cars, ended at $130,100, down 3.9 per cent from $135,336.
Open category COEs, which can be used to register any type of vehicle other than motorcycles, were priced at $133,388, a dip of 1.2 per cent from $135,002.
Such COES are typically used for larger cars and electric vehicles (EVS).
The commercial vehicle COE premium fell by 3.9 per cent to $71,001, from $73,889 a fortnight ago.
The price of motorcycle COES was down 1.4 per cent to $9,858, from $10,001.
This story is from the December 07, 2023 edition of The Straits Times.
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This story is from the December 07, 2023 edition of The Straits Times.
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