The previous COE results on 17 May saw an unexpected dip in premiums, but drivers hoping for continued relief from sky-high car ownership costs in Singapore will be disappointed.
Indeed, the latest round of COE prices, released on 7 June, saw premiums rebound across the board (except for Cat E), proving that May’s results were merely an anomaly rather than the start of a much-awaited downtrend.
Related: Average Cost of COE
Source: Unsplash
Latest COE Results in Singapore (7 June, 1st Bidding)
| COE Category |
Premium |
Change vs last bidding |
|
| Cat A (cars ≤ 1600cc & 130bhp, or 110kW) |
S$98,001 |
Up S$6,001 |
|
| Cat B (cars > 1600cc & 130bhp, or 110kW) |
S$120,702 |
Up S$7,668 |
|
| Cat C (Goods vehicles and bus) |
S$81,801 |
Up S$4,300 |
|
| Cat D (Motorcycles) |
S$11,001 |
Up S$433 |
|
| Cat E (Open; All except motorcycles) |
S$120,889 |
Down S$4,111 |
|
| Source: motorist.sg |
|
As shown in the table above, COE premiums for Cat A vehicles – arguably the largest group of drivers here – has gone up to S$98,001....
