The COE premium for small cars ended S$1,840 which is 2.9% higher at S$64,839.
The COE price for big cars rose S$5,604 which is 9.1% to end at S$67,304.
The COE price in the Open Category also increases from S$62,301 to S$66,701, up by 7.1% or S$4,400.
However, the COE price for commercial vehicles fell by S$162 to S$56,889.
For motorcycles, the premium decreases by S$37 to S$1,663.
Certificate of Entitlement (COE) prices for vehicles ended higher in all but two categories in the latest bidding exercise on Wednesday.
The tender for COE is the first time where the new taxation changes by the government comes into effect. However, the government is thinking of changing more including levying surcharges on purchases of second cars and factoring engine power into COE categorisation.
However, many analyzers said that it is unlikely that the COE prices will drop significantly in the near future.
Yesterday, Straits Times Razor TV interviewed the Hollywood Stars from the movie Fast & Furious and they were shocked to hear about our car COE prices. Watch the interview below: