COE prices up again, breaks two records

COE prices have reached a new high in the small car and commercial goods categories. (Yahoo! photo)

Certificate of Entitlement (COE) prices for most vehicles have increased, even setting a new record in two categories.

In the recent bidding exercise which concluded on Wednesday, the COE for Category A (cars up to 1600cc) closed at S$77,291, breaking the previous record of S$77,201 set two weeks ago.

For Category B (cars above 1600cc), the COE price increased by more than S$600 to reach S$93,004.

For Category C (goods vehicles and buses), the COE is now at S$60,235 — a  S$1,124 increase from S$59,111 two weeks ago which sets a new record for the category.

In the Open Category, the COE increased by close to S$2,000 to reach S$93,990.

Category D (motorcycles) is the only category that saw a fall in price. The COE fell close to S$300 from S$1,959 to S$1,689.

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