In the latest bidding exercise on Wednesday, September 6, Certificate of Entitlement (COE) prices have reached fresh record highs for large cars and the Open category. Premiums have surged in all categories, except for motorcycles, reflecting overwhelming demand outstripping the limited supply.
A total of 2,722 bids were submitted, while the available quota was only 1,933 COEs.
For large cars (defined as those with engine capacities above 1,600cc or power output exceeding 110kW, including fully electric cars), premiums climbed from the previous record of S$129,890 to an astonishing S$134,889.
In the Open category, which permits use for any type of vehicle except motorcycles, premiums increased by 4.58 percent to reach S$137,000.
Conversely, premiums for small cars (up to 1,600cc & 97kW, including fully electric cars with output of up to 110kW) saw a slight rise to S$101,000 from the previous S$100,000 recorded in the prior bidding exercise.
COE prices for goods vehicles and buses also experienced a slight uptick of 0.11 percent, settling at S$82,889.
However, in a notable exception, the motorcycle category witnessed a drop in premiums to S$10,901, compared to the previous bidding exercise where the price was S$11,402.
Summary of COE Prices:
- Category A (Cars up to 1,600cc & 97kW or fully electric cars with output of up to 110kW): S$101,000 (up from S$100,000)
- Category B (Cars above 1,600cc or 97kW or fully electric cars with output over 110kW): S$134,889 (up from S$129,890)
- Category C (Goods vehicles and buses): S$82,889 (up from S$82,801)
- Category D (Motorcycles): S$10,901 (down from S$11,402)
- Category E (Open category): S$137,000 (up from S$131,000)
Also learn about Singapore’s Beloved Choice: The Most Popular Car in the Lion City.
