Certificate of Entitlement (COE) for Motorcycles: A Comprehensive Guide
Introduction
In Singapore, the Certificate of Entitlement (COE) is a mandatory permit required to own and ride a motorcycle. COE prices fluctuate based on supply and demand, and understanding these trends is crucial for prospective buyers.COE Price Trends Since 2002
Interactive charts on our website provide insights into COE price trends since 2002. You can compare prices and quotas across categories:
- Cat A: Cars up to 1600cc and 97kW
- Cat B: Cars above 1600cc or 97kW
- Cat C: Goods vehicles and buses
- Cat D: Motorcycles
- Cat E: Open category (except motorcycles)
Why Motorcycle COE Prices Are Rising
In recent years, motorcycle COE prices have experienced a significant surge due to several factors:
- Increased demand for motorcycles as a convenient and economical mode of transportation
- Limited supply of motorcycle COEs
- Speculation and bidding wars among potential buyers
Record High COE Prices
In October 2022, motorcycle COE premiums hit a record high of S$11,751. This unprecedented increase has raised concerns among motorcyclists and industry experts.
Calls for COE System Review
The sharp rise in motorcycle COE prices has prompted calls to review the current system. Proposals include:
- Increasing the supply of motorcycle COEs
- Introducing a tiered bidding system
- Implementing a quota system for motorcycle COE bidding
Latest COE Bidding Results
Stay up-to-date with the latest motorcycle COE bidding results on our website. We provide real-time data and analysis of the latest trends.
Conclusion
Understanding COE prices is essential for informed decision-making when purchasing a motorcycle in Singapore. By monitoring price trends and staying abreast of the latest regulations, you can navigate the COE system effectively and secure the best value for your money.
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