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Motorcycle COEs surge to highest price since 1997

Certificates of Entitlement for motorcycles surged to their highest prices since 1997. (Yahoo file photo)

Certificates of Entitlement (COEs) for motorcycles surged to their highest prices since 1997, rising by $715 to $2,704 in the latest bidding exercise, which ended Wednesday.

Prices for other categories ended largely mixed, results that reflect the likely trend of prices when the recently-announced new quota period starts in February.

Category A COEs (for cars up to 1,600cc) and Category E, the open category COEs that go mainly to large cars, ended marginally lower (at $72,290 and $78,810 respectively) than they did in the previous exercise.

Meanwhile, Category C (for goods vehicles and buses) COE prices shifted upward by $1,112 to close at $50,001. Also, Category B COEs, for cars above 1,600cc, had its prices close $300 higher than they did in the previous exercise, at a price of $79,000.

With the additional engine power criterion that will limit output for small car COEs to 130bhp, most luxury cars will be shifted to the larger car category, a move that is anticipated to relieve pressure in bidding for Category A COEs.