Certificate of Entitlement (COE) prices experienced fluctuations in the latest bidding exercise, with premiums decreasing for most vehicle categories except for small cars. The exercise, which concluded on Wednesday (July 5), saw a decline in premiums for large cars and an increase for small cars and fully electric vehicles.
Premiums for large cars (above 1,600cc or 97kW) and fully electric cars with an output over 110kW decreased from the previous high of S$121,000 to S$118,002. On the other hand, premiums for small cars (up to 1,600cc & 97kW) or fully electric cars with an output of up to 110kW saw a modest increase of 0.83% to S$97,000.
In other vehicle categories, COE prices for goods vehicles and buses dipped by 1.1% to S$82,223. The motorcycle category also experienced a decrease, with premiums falling to S$10,090 from S$10,709 in the previous bidding exercise.
Lastly, in the open category, which permits any type of vehicle except motorcycles, premiums dropped by 1.63% to S$121,000.
Here’s a breakdown of the COE prices for each category:
- Cat A (Cars up to 1,600cc & 97kW or fully electric cars with an output of up to 110kW): S$97,000 (up from S$96,206)
- Cat B (Cars above 1,600cc or 97kW or fully electric cars with an output over 110kW): S$118,002 (down from S$121,000)
- Cat C (Goods vehicles and buses): S$82,223 (down from S$83,140)
- Cat D (Motorcycles): S$10,090 (down from S$10,709)
- Cat E (Open category): S$121,000 (down from S$123,000)
The latest COE bidding exercise highlights the varying market demand for different vehicle categories, with small cars experiencing an increase while other categories saw a decline in premiums. These price fluctuations reflect the dynamic nature of the COE market in Singapore.
Also learn about The Future of Electric Vehicles in Singapore: Charging Infrastructure and Adoption.
