Updated: 09/20/2012 01:04

COE premiums mostly higher, led by increase of 10% but premium fell for small cars

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Premiums for Certificates of Entitlement rose, except for small car, at the end of the latest bidding exercise on Wednesday.

The biggest increase was for big cars (above 1,600cc) - by 10 per cent or $8,301.

A COE will cost $88,500.

For goods vehicles and buses, the premium rose by 0.8 per cent or S$475 - to $57,809.

For motorcycles, the COE premium increased by 2.8 per cent or $51 - to $1,852

In the Open Category, a COE will cost $89,990, which is 2 per cent or $1,991 higher than that of the previous round of bidding.

However, the COE premium for small cars (up to 1,600cc) fell by 7 per cent, or $5,000 - to close at $63,000.