COE premiums at all-time highs in 2022


S Iswaran

SINGAPORE: Certificate of entitlement (COE) premiums went on a relentless upward march for much of 2022, with all-time highs set in four out of five categories – larger and more powerful cars, commercial vehicles, motorcycles and the open category.

Premiums for the remaining COE category – for cars with less power – ended S$1,511 (RM4,956), or 1.6%, shy of the S$92,100 (RM302,088) record set in January 2013 at the second-last tender exercise of 2022.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Singapore , COE , vehicle , electric vehicles

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