THE Certificate of Entitlement (COE) price for the mainstream car category, Category A, has taken a notable plunge, decreasing by 10 per cent or S$10,000 to S$89,889, as most COE premiums also declined in November’s second round of bidding.
This is the category’s largest decrease for 2024 to date, compared to a dip of S$4,500 to S$88,200 – from S$92,700 – between May’s second round and June’s first round of bidding.
That first round in June was also the last time Category A was below the S$90,000 mark.
The Category A COE applies to mainstream cars that have engines of up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
The COE premium for larger, more powerful cars dropped by 2.7 per cent or S$2,920 to S$105,081.
Category B is used to register larger or more powerful cars with engines of more than 1,600 cc in capacity or that have more than 97 kW of power, or for EVs with more than 110 kW.
Prices for Category D, used for motorcycles, decreased 4.6 per cent, or S$420, to S$8,669.
Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, decreased by 1.4 per cent or S$1,499 to S$107,501.
Category C, used to register commercial vehicles and buses, was the only category to increase this round: It inched up 1 per cent or S$660 to S$69,000.
