COE prices close mixed; open category hits record high, motorcycle premiums double and small cars fall 9%
to boost COE supply for cars to curb rising prices.
Premiums for small cars or fully electric cars with output of up to 110kW slid 8.91 per cent to S$92,000. Large cars or fully electric cars with output over 110kW saw premiums fall from S$119,399 in the previous bidding exercise to S$113,034.In the motorcycle category, premiums more than doubled to S$10,602 afterchanges to motorcycle COE biddingThe bid deposit went up from S$800 to S$1,500, and the validity period for temporary motorcycle COEs wasFinally, in the open category, which can be used for any type of vehicles except motorcycles, premiums went up by 0.8 per cent to a record S$125,000.
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