06 Jul '11, 10pm
COE prices up across all categories
Certificate of entitlement prices rose collectively at the latest tender. -- ST PHOTO: TERENCE TAN CERTIFICATE of entitlement prices rose collectively at the latest tender. Category A certificates of entitlement (COEs) (cars up to 1,600cc) registered the sharpest increase, rising by 11.5 per cent to $55,989 - the highest so far this year. The premium for Category B COEs (cars above 1,600 cc) increased slightly by 1.2 per cent to $68,501. The Open Category COEs posted a 5.1 per cent increase to $68,811. These COEs can be used for any vehicle type, but end up mainly used for bigger cars. Premiums for commercial vehicles and motorcycles also rose slightly. Commercial vehicle COEs rose by 4.6 per cent to $32,590, while motorcycle COEs rose by 3 per cent to $2,360.