SINGAPORE – The price of certificates of entitlement (COEs) rose across the board on April 8, with the Category A premium seeing the highest rise of 5.5 per cent to end at $118,000.

The price of the Category A certificate, meant for smaller and less powerful cars and electric vehicles (EVs), was $111,890 in the previous tender on March 18.

The price of a certificate in Category B, for larger, more powerful cars and EVs, went up by 4.7 per cent to $121,000, from $115,568 previously.

In the Open category, otherwise known as Category E, the price of a certificate rose 2.4 per cent, from $118,119 to $121,001.

Certificates in this category can be used to register any vehicle type except motorcycles, but are usually used for bigger cars.

Being transferable, motor traders secure them to have the flexibility to register cars without having to wait for the next tender exercise.

The commercial vehicle COE premium (Category C) rose by 2.6 per cent, from $78,000 to $80,001. The COE price for motorcycles (Category D) was $10,000 – a 4.3 per cent hike from $9,589 previously.