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COE Premiums for Category B and E Vehicles hit record highs in latest bidding exercise

COE premiums for Category B and E vehicles reached unprecedented levels in Thursday’s bidding, with Category B surging to S$126,889, eclipsing the previous record set in June. The session saw 3,020 bids for just 1,886 available COEs.

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SINGAPORE: In the latest bidding exercise conducted on Thursday, the Certificate of Entitlement (COE) premiums for Category B and E vehicles reached unprecedented levels.

For larger and more powerful cars in Category B, premiums escalated to a staggering S$126,889, marking a significant increase from the S$118,001 recorded in the previous tender. This leap surpasses the prior record of S$121,000 set merely a few months ago in June.

Meanwhile, the open category COEs, falling under Category E, are typically utilized for any vehicle type but are predominantly used for larger cars.

These COEs witnessed a rise in their premium to S$126,201, up from S$122,110 in the preceding bid. Impressively, this has beaten the previous high of S$125,000 set in May.

In other categories, Category A cars – specifically those with a capacity of 1,600cc or less and a horsepower not exceeding 130bhp – also observed an uptick in premiums. They closed at S$99,499, showing an increase from the S$95,202 in the last session.

The COEs for commercial vehicles, encompassing goods vehicles and buses, experienced a marginal rise, moving to S$82,100 from S$82,001.

Motorcycle premiums also saw an increase, closing at S$11,501, marking a S$1,000 jump from the S$10,501 in the previous exercise.

This latest bidding session witnessed a total of 3,020 bids, with a limited quota of only 1,886 COEs available to the bidders.

With these surging premiums, the automotive market and potential buyers will be keenly watching subsequent COE exercises and potential impacts on vehicle prices in the city-state.

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Civil Society

Three women to contest charges over pro-Palestinian procession outside Istana

Three Singaporean women, charged under the Public Order Act for organizing a pro-Palestinian procession on 2 February, will contest their charges at trial, a court heard on 18 September. About 70 people participated in the February event, carrying watermelon-adorned umbrellas as a symbol of Palestinian resistance while delivering letters to then-Prime Minister Lee Hsien Loong.

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SINGAPORE: Three Singaporean women charged in connection with a pro-Palestinian procession to the Istana will contest their charges at trial, a court heard on Wednesday (18 September).

The defendants are Annamalai Kokila Parvathi, 35, an activist with the Transformative Justice Collective (TJC); Siti Amirah Mohamed Asrori, 29, a social media influencer; and Mossamad Sobikun Nahar, 25, a community worker.

They were charged in June under the Public Order Act for organizing an unpermitted procession on 2 February.

During the court hearing on Wednesday, the trio, through their lawyer, indicated their intention to contest the charges and claim trial.

Siti Amirah and Mossamad are accused of organizing the procession that occurred between 2pm and 3pm along the perimeter of the Istana, a restricted area.

Kokila is charged with abetting the conspiracy by collaborating with Siti, Mossamad, Alysha Mohamed Rahmat Shah, Anystasha Mohamed Rahmat Shah, and other unnamed individuals to organize the event.

According to a previous police statement, around 70 people gathered outside a mall on Orchard Road at about 2pm on 2 February before marching towards the Istana.

They carried umbrellas painted with watermelon images, symbolizing support for Palestinians amidst the ongoing Israel- Palestinian conflict.

The watermelon, reflecting the colors of the Palestinian flag, has become a symbol of solidarity.

Social media posts indicate that participants of the Letters for Palestine event walked from Plaza Singapura to the Istana to deliver letters addressed to then-Prime Minister Lee Hsien Loong.

The cases have been adjourned to October for pre-trial conferences.

If convicted under the Public Order Act, the women face a potential penalty of up to six months’ imprisonment, a fine of up to S$10,000, or both.

The police have reiterated their call for the public to avoid actions that could disrupt peace, public order, and social harmony in Singapore.

They advised that while strong feelings about the Israel-Hamas conflict are understandable, lawful means of expression, such as participating in organized forums, dialogues, and donation drives, are preferable to illegal protests.

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Singapore

COE prices surge across most categories, Open Category hits S$113,104

COE premiums rose on 18 September, with the Open Category hitting S$113,104, the highest since December 2023. Category A and B premiums also saw increases, while commercial vehicle COEs remained stable.

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Certificate of Entitlement (COE) premiums surged across most categories on 18 September, with the Open Category recording the steepest increase, reaching S$113,104.

This marks the highest price since December 2023, when the premium for an Open Category COE peaked at S$118,388.

The Category A COE, designated for smaller and less powerful cars as well as electric vehicles (EVs), rose by 2.1% to S$98,524 from S$96,490 at the previous tender on 4 September. This is the highest price recorded for Category A COEs in 2024.

Category B COEs, which apply to larger and more powerful cars and EVs, saw a 3.5% increase, with premiums rising to S$110,001 from the previous S$106,300.

Meanwhile, the Open Category, or Category E, which can be used to register any vehicle except motorcycles but is often applied to larger vehicles, rose by 5.8% to S$113,104, compared to S$106,901 from the earlier tender.

In contrast, the COE premium for commercial vehicles (Category C) remained largely unchanged at S$74,000, only S$1 below the figure from the previous exercise.

The premium for motorcycle COEs (Category D) saw a modest 1% increase, reaching S$9,900, up from S$9,801 in the last round.

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