Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
[SINGAPORE] The price of a Category A Certificate of Entitlement (COE) fell 1.7 per cent on Wednesday (Jun 17) to S$123,847, surpassing the Category B premium of S$123,502.
This is the third time in four months that the Category A COE price has cost more than Category B’s.
In the last tender on Jun 4, there was a S$980 difference between the two categories, with the premium for Category B – meant for larger, more powerful cars and electric vehicles – costing more.
Other than the open category, E, premiums for all other categories fell on Wednesday.
In the previous tender, the Category A COE, which is for smaller, less powerful cars and EVs, cost S$126,009. The premium for Category B was S$126,989 then; the latest premium of S$123,502 marks a 2.7 per cent decrease.
For the open category, the premium rose S$2, from S$129,000 to S$129,002.
Certificates in this category can be used to register any vehicle type except motorcycles, but are typically used for bigger cars.
As these certificates are transferable, motor traders often secure them for the flexibility to register cars without waiting for the next tender exercise.
The premium for Category D, used for motorcycles, decreased 0.1 per cent, from S$10,000 to S$9,989.
The commercial vehicle category, C, fell 1.1 per cent from a record high of S$94,000 to S$93,001. THE STRAITS TIMES
