COE premiums close higher across the board

Motorcycle premiums rose 10%.

Certificate of Entitlement premiums closed higher across all categories in the second bidding exercise for November.

COE prices for Category A cars, or those with engine capacity up to 1600cc, rose to $59,200. This marks a 5.71% increase compared to $56,000 in the previous bidding exercise.

Premiums for Category B cars or those with engine capacity above 1600cc rose to $61,103, 6.3% higher compared to $56,001 in the previous exercise.

Meanwhile, motorcycle premiums jumped by 10% to $6,502.

Cat C COE premiums rose to $45,890, while open category premiums rose to$62,019.