Cat A COE hits all-time high of S$139,001; Cat B inches up to S$132,334
This marks the first time that the premium for smaller cars has outstripped that of the Open category
The Certificate of Entitlement (COE) premium for Category A vehicles in Singapore reached an all-time high of S$139,001 on November 4, surpassing the previous record of S$133,009 set on September 9. Category A COEs are designated for smaller, less powerful cars and electric vehicles. The price of these COEs rose by 5.3%, increasing from S$132,004 to the new all-time high.
Category A COEs now also outstrip Category E (the open category) in terms of premium prices. Meanwhile, Category B COE premiums, which apply to larger, more powerful cars and electric vehicles, increased modestly from S$131,901 to S$132,334, marking a 0.3% rise. The only other COE category to see an increase in prices was Category E, which rose by 0.2%, from S$135,790 to S$135,998.
Motor traders often secure these certificates for flexibility in registering vehicles without waiting for the next tender exercise.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Cat A COE hits all-time high of S$139,001; Cat B inches up to S$132,334 businesstimes.com.sg
