COE premium for Open Category hits record high of S$110,524

Certificate of Entitlement premiums for vehicles have hit their highest ever, with prices in the Open Category closing at S$110,524. This beats the previous record set nearly three decades ago. Premiums across all other categories also rose in July’s first bidding exercise. The COE premium for smaller cars closed at S$78,001, while that for larger and more powerful cars climbed to S$107,800. Despite record prices, dealers are scurrying to lock in prices, as the climb is expected to continue with a shrinking COE quota.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia

You May Also Like