The Certificate of Entitlement (COE) premium for smaller and less powerful cars hit a record S$139,001 in the first November bidding exercise, up S$6,997 from the previous round on 21 October.
Category B, which covers larger or more powerful cars, rose by S$433 to S$132,334. That put Category A S$6,667 ahead. The Land Transport Authority (LTA) published the results on OneMotoring after bidding closed at 4pm on 4 November.
Category A Draws More Than 2,000 Bids
The Category A premium rose 5.3 per cent in one round and was S$5,992 higher than the previous record of S$133,009, set on 9 September.
Category A received 2,018 bids for 1,189 COEs. Category B drew 1,163 bids for 959 COEs.
A COE allows you to register a vehicle and use it on the road for 10 years. Category A covers cars with engines of up to 1,600cc and power of up to 97kW, as well as fully electric cars with power of up to 110kW. Cars that exceed the limits for their type fall under Category B.
Open Category Premium Rises as Motorcycle COEs Dip
The Open Category premium rose by S$208 to S$135,998. An Open Category COE can be used for any vehicle except a motorcycle.
The premium for goods vehicles and buses fell by S$200 to S$92,000, while the motorcycle premium slipped by S$89 to S$10,689.
The next bidding exercise is scheduled to open at noon on Monday, 16 November, and close at 4pm on Wednesday, 18 November.
