COE prices for cars 1,600cc and above are now $72,001

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THE latest round of Certificate of Entitlement (COE) premiums ended mixed when tender closed on Wednesday.

Premiums for cars 1,600cc and above and the open category, have continued to rise and are now higher than the $70,000 mark.

COE prices for cars 1,600cc and above are now $72,001, up 15.2 per cent from $62,502.

The price for the open category COE - which can be used for any vehicle type but which is mainly used for cars - was 17.3 per cent higher, at $76,102, from $64,900.

Premiums for the popular 1,600cc and below category, registered a small dip to end at $46,129, down 3.1 per cent from $47,604.

The COE price for commercial vehicles ended at $33,501, up $1,500 or 4.7 per cent. But the premiums for motorcycles have fallen. It closed at $1,551, up from $1,701.
 
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