COE premiums fall across most categories; Cat A ends at S$130,001
Prices across the other categories dipped, except for Open category (Category E)
In the latest COE tender exercise held on October 7, the Category A certificate premium fell to S$130,001, marking a slight decrease from the previous S$131,890. This category is designated for smaller, less powerful cars and electric vehicles. The Category B premium, intended for larger and more powerful cars and EVs, decreased by 2.2%, settling at S$130,100 after reaching S$133,000 in the last exercise.
Category E, the Open category for motorcycles, maintained its premium at S$137,000. Commercial vehicles (Category C) saw a 0.3% reduction, ending at S$91,889, while motorcycle (Category D) COE premiums declined by 9.7% from S$12,201 to S$11,012. Despite these adjustments, COE prices remain a crucial aspect of vehicle ownership in Singapore, and the authorities are reviewing the COE system to enhance car categorisation.
The review, expected to conclude by the end of 2026, will incorporate input from motorists, dealers, car manufacturers, and academics.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- COE premiums fall across most categories; Cat A ends at S$130,001 businesstimes.com.sg
