[SINGAPORE] The price of a Category B certificate of entitlement (COE) climbed to S$116,890 at the latest tender exercise on Wednesday (Mar 19), as COE prices rose across the board.
The latest Category B COE premium is 3.4 per cent above the S$113,000 set at the previous tender. This is the highest price set since December 2023 when it hit S$130,100. This type of COE is needed to register larger and more powerful cars and electric vehicles (EVs).
The premium for a Category A COE – meant for smaller and less powerful cars and EVs – climbed 1.9 per cent to S$94,502, from S$92,730. This was the highest price set for this category of COEs so far in 2025.
For Open category (Category E) COEs, the premium was S$116,991, 3.6 per cent higher than the S$112,901 set two weeks ago.
Open category COEs can be used to register any vehicle type other than motorcycles, but are almost always used for bigger and more powerful cars.
A COE is required to register a vehicle for use in Singapore. Given that the COE is usually included in new vehicle prices, the latest results mean that car prices will likely rise following the latest tender results.
At S$70,089, the commercial vehicle (Category C) COE premium was 4.6 per cent higher than the previous price of S$67,001.
The motorcycle (Category D) COE price was 3.4 per cent above the S$9,201 recorded previously to end at S$9,511. THE STRAITS TIMES
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