COE (Certificate of Entitlement) prices for motorbikes saw a ten percent spike, soaring to a record high of S$7,483 on March 15. This was a significant increase from S$6,801 in the previous exercise.
During the recent Budget 2017, it was announced that new big bikes would be taxed more heavily, Todayonline reported on March 15, 2017.
COE premiums closed mostly higher in the recent exercise. Premiums for small cars (up to 1600CC and 97KW) increased by 2.75 percent to S$50,789, while that for large cars went up by 5.29 percent to S$50,621.
As for the open category – which can be used for any type of vehicles – premiums went up by 3.92 percent to S$53,001.
Goods vehicles and buses was the only category that saw a slide – COE prices dipped by 1.62 percent to S$49,002.
COE prices at a glance:
Cat A (Cars up to 1600CC & 97KW): S$50789 (up from S$49430)
Cat B (Cars above 1600CC OR 97KW): S$53300 (up from S$50621)
Cat C (Goods vehicles and buses): S$49002 (down from S$49810)
Cat D (Motorcycles): S$7483 (up from S$6801)
Cat E (Open category): S$53001 (up from S$51000)