COE premiums climb to near two-year highs across most categories in latest bidding

Certificate of Entitlement (COE) premiums in Singapore have climbed to near two-year highs in the latest bidding exercise on 20 August 2025.

For Category A, covering smaller cars, premiums rose to S$104,524, up from S$102,009 in the previous round.

The last time prices were higher was in October 2023, when the category reached a record of S$106,000.

Category B, which applies to larger and more powerful cars, increased to S$124,400 from S$123,498.

The level was last surpassed in December 2023, when premiums hit S$130,100.

Open category COEs, which are transferable and mainly used for large cars, closed at S$125,001, higher than S$122,334 in the previous exercise.

Prices in this category were last higher in December 2023 at S$133,388.

Commercial vehicle premiums, which apply to goods vehicles and buses, also rose, closing at S$72,190 compared with S$70,001 earlier.

Motorcycles were the only segment to see a decline, with premiums dropping to S$8,809 from S$9,189.

In total, 4,760 bids were submitted against a quota of 3,126 COEs available.

This marks the second tender under the August to October 2025 quota.

According to figures released, the overall supply of COEs for the quarter is 18,701, an increase of nearly 2.6 per cent compared with the previous period.

Despite the higher supply, premiums in car categories have continued to climb, underscoring sustained demand amid limited availability.