Motorcycle COEs surge to highest price since 1997
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.