Lim Tean calls on Transport Minister to disclose number of successful PR and foreign bidders in latest COE exercise

Lim Tean, the political party Peoples Voice leader and a practising lawyer in Singapore, expressed his shock at the recent prices for the Category E, open-category COEs. He questioned whether Transport Minister S Iswaran would disclose the number of Permanent Residents (PRs) and foreigners who bid and were successful in the last exercise. When commenting on Lim Tean’s Facebook post, some of the netizens echoed with Mr Lim’s call, suggesting that the COE bidding should be categorised by Singaporean and non-Singaporeans, and the bidding price for the latter should be on top of the locals.

Record highs reached in COE premiums for Cat A and B in latest bidding exercise

Certificate of Entitlement (COE) premiums experienced a significant increase in the latest bidding exercise held on Wednesday, 19 April, with Categories A and B reaching new record highs. Cat A cars, which are defined as those with an engine capacity of 1,600cc or below and horsepower not exceeding 130bhp, saw their premiums jump from S$96,501 in the last exercise on 5 April to S$103,721. Meanwhile, premiums for larger and more powerful Cat B vehicles also increased, rising from S$118,501 to S$120,889.

COE prices hit new highs for two car categories and Open category in latest tender exercise

Certificate of entitlement (COE) prices for small cars and electric vehicles (EVs) as well as larger cars and powerful EVs have hit new record highs in the latest tender exercise that closed on Wednesday. The premium for smaller cars and EVs up to 110 kilowatts finished at S$96,501, up 3.21% from the previous record set two weeks ago. The premium for larger cars and more powerful EVs ended at S$118,501, 1.98% higher than the previous high of S$116,201. The Open category COE price, which allows the holder to buy any vehicle type except motorcycles, ended at S$118,990, up 2.56% from the previous record of S$116,020. The increase is attributed to an anticipated reduction in COE supply for the next three-month period from May to July, and bids from companies supplying cars to ride-hailing services.

Singapore’s COE prices for small and large cars hit new record highs in latest bidding exercise

Certificate of Entitlement (COE) prices for small and large cars have hit new record highs in Singapore’s latest bidding exercise, with premiums for small cars rising by 6.25% to S$93,503 and for large cars by S$116,201. Goods vehicles and buses saw a decrease in COE prices, while motorcycle premiums fell.

The Plight of Small and Medium Enterprises in Singapore

Small and medium enterprises in Singapore are struggling with a lack of manpower and high COE costs for trucks. These businesses fill gaps in services, but their social function is not valued since they do not contribute much to tax revenue.

Yet another high record set for COE of motorcycles

By COE.Sgcharts.com Certificate of Entitlement (COE) for Motorcycles has broken new record…

Price of motorcycle COE hits another new high

By SGCharts.com The price of motorcycle COEs (Cat D) has hit yet another…