COE prices fall in all categories except motorcycles; Cat A premium down 9.2% to $85,000

3 days ago 44

SINGAPORE - Certificate of entitlement (COE) prices dropped across all categories except motorcycles on Feb 5, with the category for smaller cars recording the sharpest drop of $8,601.

At $85,000, the premium for a Category A COE - meant for smaller and less powerful cars and electric vehicles (EVs) - fell 9.2 per cent from the $93,601 recorded at the previous exercise on Jan 22.

This is the first COE exercise in the three-month quota period from February to April. There are 8.2 per cent more certificates available for tender during this period than in the period between November 2024 and January 2025.

For a Category B COE, used to register larger and more powerful cars and EVs, the premium is $111,104 – 4.7 per cent lower than $116,625 previously.

The price of an Open category (Category E) COE was $110,000. This is 4.4 per cent lower than the $115,112 registered two weeks ago.

Open category certificates can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars.

The commercial vehicle (Category C) COE premium fell by 4.5 per cent to $62,506, from $65,476.

The motorcycle COE price bucked the downward trend. It came in at $8,289 – 7.4 per cent higher than the $7,721 from the previous exercise, when the premium tumbled by 14.2 per cent from $9,001.

A COE is needed to register a vehicle for use in Singapore. Vehicle prices tend to include the cost of a COE.

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