Singapore COE prices surge past $131,000 as car exhibition drives demand

The record tender results reflect the dual pressures of supply scarcity and seasonal demand patterns. Car exhibitions in Singapore traditionally trigger a spike in purchase inquiries as dealers showcase new models and offer promotional packages. This year's event has amplified an already competitive bidding environment, with buyers keen to secure their COE allocations before any potential changes to the regulatory framework take effect. The Land Transport Authority's announcement of a COE review has added urgency to the market, prompting both individual buyers and trade operators to participate more aggressively in tender exercises. Analysts expect price volatility to persist until the outcomes of the COE review process become clearer.