Singapore’s COE prices hit new highs for big cars

COE premiums in the big car and Open categories set new records on Aug 10. ST PHOTO: LIM YAOHUI

SINGAPORE: Certificate of entitlement (COE) prices rose across the board, setting records in the big car and Open categories, in the latest tender exercise that closed last Thursday.

The COE premium for cars with engines larger than 1,600cc or more power than 130bhp, as well as electric vehicles (EVs) with a power output of more than 110 kilowatts, ended at S$126,889 – nearly 4.9% above the previous high of S$121,000 recorded in June.