COE premiums rise across all categories in latest bidding exercise
Certificate of Entitlement (COE) premiums in Singapore rose across all categories in the latest bidding exercise held on 9 July 2025, with car categories surpassing key price thresholds amid heightened demand and limited supply.
- Category A (smaller cars) COE crosses S$100,000 for the first time since May
- Category B (larger cars) and Open Category premiums also see notable increases
- Total bids exceed available COEs by nearly 50 per cent, intensifying competition
SINGAPORE: Certificate of Entitlement (COE) premiums in Singapore rose across the board in the latest bidding exercise held on 9 July 2025.
Category A exceeds S$100,000
For smaller cars in Category A, premiums closed at S$101,102 (US$79,000). This represents a 3 per cent increase from S$98,124 in the previous bidding round. It is also the first time since May that Category A premiums have exceeded the S$100,000 mark.
Higher premiums for larger cars and open category
For larger and more powerful cars in Category B, premiums rose to S$119,600, up from S$116,670 in the earlier exercise.
Open category COEs, which can be used for any vehicle type but are mainly utilised for larger cars, also saw an increase — closing at S$118,500, compared to S$116,889 previously.
Commercial and motorcycle COEs also rise
Commercial vehicle COEs, covering goods vehicles and buses, climbed to S$66,689 from S$65,000.
Motorcycle premiums also increased, closing at S$9,389, up from S$8,600 in the last bidding exercise.
Strong demand drives higher premiums
The Land Transport Authority (LTA) reported that a total of 4,562 bids were received in this round, while only 3,070 COEs were available.
This supply-demand imbalance drove up competition and contributed to the higher premiums.
COEs are required for owning and operating vehicles in Singapore and are factored into overall vehicle prices.
