COE prices for big cars and open category drop

Certificate of Entitlement (COE) prices for small cars and commercial vehicles rose slightly, whereas prices for big cars and those in the open category dropped in the latest bidding exercise on Wednesday.

Compared to the prices in the previous bidding two weeks ago, the premiums for big cars dropped by slightly more than S$5,000 to $62,000. Prices fell by roughly the same amount to the same figure in the open category, typically reserved for bigger cars.

Premiums for motorcycles fell by 1.1 per cent to S$1,791.

Premiums for small cars rose 2 per cent to S$62,497. This is the first increase in small car premiums since February.

Premiums for commercial vehicles also rose to S$58,502. The increase was more than S$2,400 from the previous bidding exercise.

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