Certificate of Entitlement (COE) premiums for vehicles continued to surge across the board at the end of the latest bidding exercise which ended today, with the bigger car and open categories crossing the S$90,000-mark.

This is the second bidding exercise since the Land Transport Authority announced engine power caps for the small car category last month.

COE premiums for small cars (1,600cc and below) increase to close 1.49 per cent higher at S$85,000, compared with S$83,751 in the previous bidding exercise.

Premiums for big cars (1,601cc and above) increased by 8.42 per cent to cross the from S$86,239 to S$93,500.

In the Open category, where COEs can be used for any vehicle type but end up mainly for cars, the premium increased by 7.92 per cent to S$93,889 from S$87,001.

The COE premium for commercial vehicles continued to break past records, inching up 0.41 per cent to S$76,310 from S$76,001, while the premium for two-wheelers increased by 15.15 per cent to S$1,961.

SOURCE

Very sharp increase for both Cat B and Open Cat. The rocket towards the $100k seems relentless.