THE results of the bidding for Certificates of Entitlement (COE) in May’s second round were mixed, but stable. No category saw an increase of more than 3 per cent, although the category for large cars rose again, edging towards S$106,000.
The premium for Category A fell 1 per cent, or S$904, to S$92,700.
The Category A COE applies to mainstream cars with engines of up to 1,600 cubic centimetres (cc) in capacity, or with up to 97 kilowatts (kW) of power. It also applies to electric vehicles (EVs) with up to 110 kW of power.
The premium for Category B rose just 0.7 per cent, or S$687, to S$105,689.
Category B is for larger, more powerful cars with engines of more than 1,600 cc in capacity, or that have more than 97 kW, or for EVs with more than 110 kW.
While the increase was small, it marks Category B’s fifth consecutive price increase since March’s first round of bidding, when it was S$96,010. The Category’s premium has remained above the S$100,000 level since April.
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Category E rose by 0.3 per cent, or S$313 to S$105,002.
Category E is the open category, and can be used to register any vehicle aside from motorcycles. However, it is typically used to register large cars of Category B, usually the most-expensive COE category, so its price shadows that of Category B.
The certificate for commercial or goods vehicles, Category C, posted the largest change in this round of bidding. It went up by 2.9 per cent, or S$2,000, to S$72,001.
The premium for Category D, applicable to motorcycles, fell by 2 per cent or S$192, to S$9,311.
