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COE prices up sharply, breach S$90k again

Certificate of entitlement (COE) prices rose across the board in the bidding exercise on Wednesday from the previous round two weeks ago.

The premium for cars 1600cc and below closed at $68,656, a sharp increase of $9,235 from $59,421 in the previous bidding on 4 July.

Cars above 1600cc registered the second highest increase in premiums of this exercise to $90,501, a difference of $8,212 from the previous $82,289.

The COE price for commercial vehicles rose slightly to $55,805 from the previous premium of $55,556.

In the open category, the COE price rose $5,701 to $92,700 as compared to $86,999 previously.

The COE price for motorcycles also went up to $1,859 from $1,760 previously.

The COE price for the over 1600cc category last breached the S$90k mark in early May, hitting a record high of S$92,050.

The open category's previous highest COE price was in April, when it reached S$92,010.