COE premiums mostly rise in latest Singapore bidding exercise
Certificate of Entitlement (COE) premiums in Singapore mostly increased in the latest bidding exercise on 6 August 2025. Category A premiums for smaller cars rose to S$102,009, while Category B for larger cars climbed to S$123,498, the highest since December 2023. Commercial vehicle premiums also went up, though motorcycle COEs were the only category to decline.
- COE premiums rose in most categories, with Category B reaching its highest level since December 2023.
- Motorcycle COEs were the only category to see a decrease; total bids exceeded the available quota.
SINGAPORE — Certificate of Entitlement (COE) premiums in Singapore mostly ended higher in the latest bidding exercise on 6 August 2025.
For Category A, which covers smaller cars, premiums rose to S$102,009 from S$101,102 in the previous round. Category B, catering to larger cars, experienced a sharper increase of 3.7 per cent, reaching S$123,498. This represents the highest level for this category since December 2023.
The Open Category, generally used for large cars, saw premiums climb from S$120,000 to S$122,334. Commercial vehicle COEs, including goods vehicles and buses, increased to S$70,001, up from S$68,600. In contrast, motorcycle premiums were the only category to decline, dropping to S$9,189 from S$9,511.
A total of 4,592 bids were submitted against a quota of 3,141 available COEs, indicating strong demand. This was the first bidding exercise under the new August-to-October quota, which has increased by 2.6 per cent compared with the previous quarter. The total COE quota for the three-month period stands at 18,701, up from 18,232 between May and July.
Compared to the same period in 2024, the COE quota has risen by over 22 per cent, reflecting adjustments to accommodate projected vehicle growth and population needs.
Analysts note that COE premiums are influenced by supply, demand, and prevailing economic conditions, and the current increases may affect car-buying decisions for both small and large vehicles.
