{"id":68760,"date":"2023-09-07T16:46:12","date_gmt":"2023-09-07T08:46:12","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=68760"},"modified":"2023-09-14T12:54:40","modified_gmt":"2023-09-14T04:54:40","slug":"coe-premiums-137k-record-high-exploring-car-ownership-and-property-choices","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/coe-premiums-137k-record-high-exploring-car-ownership-and-property-choices\/","title":{"rendered":"COE premiums hit S$137k record high: Exploring car ownership & property choices"},"content":{"rendered":"
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In the ever-evolving landscape of our automotive market, the Certificate of Entitlement (COE)<\/a> system has taken centre stage once again as it reaches record-breaking heights. <\/span>As of the 1st COE bidding exercise for September 2023, both Category B and the Open Category have hit an astonishing record of S$134,889 and S$137,000, respectively. This surge in COE premiums has far-reaching implications, not only for car buyers but also for the broader property market.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

In this article, we delve into the details of this unprecedented price hike, its underlying causes, and the potential impact on property purchasing behaviour.<\/span><\/p>\r\n\r\n\r\n\r\n

\"vehicles<\/a><\/p>\r\n\r\n\r\n\r\n

COE premiums hit record high for Category B and Open Category<\/strong><\/h2>\r\n\r\n\r\n\r\n

In the latest COE bidding exercise for September 2023, the premiums for both Category B and the Open Category have reached unprecedented levels, causing waves of concern and speculation among car enthusiasts and industry experts alike. <\/span><\/p>\r\n\r\n\r\n\r\n

Here’s a summary of it:<\/span><\/p>\r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Category<\/b><\/td>\r\nCurrent COE<\/b><\/td>\r\nPrevious COE<\/b><\/td>\r\nIncrease\/
Decrease<\/b><\/td>\r\n		September PQP<\/b><\/td>\r\nBids Received<\/b><\/td>\r\n<\/tr>\r\n
A <\/span>(Cars up to 1600CC & 97KW)<\/span><\/td>\r\nS$101,000<\/span><\/td>\r\nS$100,000<\/span><\/td>\r\n+ S$1,000<\/span><\/td>\r\nS$97,652<\/span><\/td>\r\n840<\/span><\/td>\r\n<\/tr>\r\n
B <\/span>(Cars above 1600CC or 97KW)<\/span><\/td>\r\nS$134,889<\/span><\/td>\r\nS$129,890<\/span><\/td>\r\n+ S$4,999<\/span><\/td>\r\nS$122,414<\/span><\/td>\r\n723<\/span><\/td>\r\n<\/tr>\r\n
C <\/span>(Goods Vehicle & Bus)<\/span><\/td>\r\nS$82,889<\/span><\/td>\r\nS$82,801<\/span><\/td>\r\n+ S$88<\/span><\/td>\r\nS$82,345<\/span><\/td>\r\n182<\/span><\/td>\r\n<\/tr>\r\n
D <\/span>(Motorcycles)<\/span><\/td>\r\nS$10,901<\/span><\/td>\r\nS$11,402<\/span><\/td>\r\n– S$501<\/span><\/td>\r\nS$10,868<\/span><\/td>\r\n758<\/span><\/td>\r\n<\/tr>\r\n
E (Open)<\/span><\/td>\r\nS$137,000<\/span><\/td>\r\nS$131,000<\/span><\/td>\r\n+ S$6,000<\/span><\/td>\r\n–<\/span><\/td>\r\n219<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n