Updated: 01/10/2013 00:58

COE premium for small cars surges to hit new high of $92,100

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Certificate of Entitlement (COE) premiums for small cars hit another all-time high - to close at S$92,100 at the end of the latest bidding exercise at 4pm on Wednesday.

The premium for cars 1,600cc and below - or Category A - surged past the previous high of S$81,889 recorded on December 19.

Premiums for big cars (Category B, 1,601cc and above) also rose - to S$96,210, compared with S$93,501 in the previous bidding exercise.

Premiums in the Open category climbed to S$96,101, compared with S$95,990.

That of motorcycles (Category D) rose to S$1,933, compared with S$1,701.

For goods vehicles and buses (Category C), a COE will cost S$60,000, lower than the S$62,201 in the previous bidding exercise.