World · Singapore Bureau
Singapore COE prices surge across all categories to record highs
Certificate of Entitlement premiums have climbed sharply in the latest exercise, with Category A vehicles reaching an unprecedented peak of $133,009. Category B prices also surged, rising 3.1% to $135,001.
LSN Singapore ·
Singapore's vehicle market has seen a significant jump in Certificate of Entitlement costs, reflecting sustained demand pressures across the automotive sector. The latest COE exercise has pushed Category A premiums to their highest level on record at $133,009, signalling intensified competition among buyers seeking to register smaller vehicles.
Category B entitlements, which cover mid-sized cars, climbed 3.1% from the previous bidding round to reach $135,001. The across-the-board increases underline the continuing strength in demand for new vehicle registrations despite the steep financial barriers facing prospective buyers.
These price movements come as Singapore maintains its vehicle quota system, which caps the number of new cars entering the market annually. The system relies on competitive bidding for COEs, with prices fluctuating based on supply constraints and buyer interest across different vehicle categories.
The record highs place additional pressure on motorists seeking to purchase new vehicles, adding substantially to the overall cost of car ownership in the city-state. The elevated COE premiums are likely to influence purchasing decisions across the market in coming months.