The COE premium for motorcycles bounced back up to $10,602 after the drop in the last tender exercise. Read more at straitstimes.com.
At $10,602, the premium for motorcycle COEs now costs more than twice as much as the $5,002 price set on May 4, 2023.
The price for the Open category COE of $125,000 was 0.8 per cent higher than the $124,002 set at the previous tender. It broke the record of $124,501 which was set at the second tender exercise in April 2023. COE premiums for smaller cars up to 1,600cc and 130bhp, as well as for electric vehicles with up to 110 kilowatts of power, finished at $92,000, down 8.91 per cent from the previous price of $101,001.
For larger cars and more powerful EVs, the premium ended at $113,034, which makes a drop of 5.33 per cent from the price of $119,399 set previously. The price of commercial vehicle COEs - which are applicable to vans, trucks and lorries - ended at $77,501, a 2.53 per cent increase over the $75,589, seen two weeks ago.
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