Category A COE Premiums Hit Record High of S$133,009
2 sources · Singapore · 2 of them are linked to a state
Who reported this
- CNA
- The Straits Times
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
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Every source for this story reports from Singapore.
Category A Certificate of Entitlement (COE) premiums reached an all time high of S$133,009 in the September 9 bidding exercise, marking a 3.5 per cent increase from the previous S$128,501. This figure surpasses the previous record of S$129,000 set on July 8. Premiums rose across all other categories as well. Category B premiums increased 3.1 per cent to S$135,001, while Open category COEs rose 2.1 per cent to S$137,890. Commercial vehicle premiums rose 3.4 per cent to S$93,101, and motorcycle premiums saw an 11.1 per cent hike to S$12,556.
A total of 4,776 bids were received for a quota of 3,253 available COEs. The Land Transport Authority attributed the elevated prices to a three week interval since the last exercise, which was longer than the usual two weeks. The authority urged buyers and dealers to be prudent in their bidding.
Industry insiders cited additional drivers for the price surge, including aggressive bidding from dealers and demand from car owners renewing expiring COEs. Some dealers pointed to the impending cut in electric vehicle incentives starting January 2027, which has led some buyers to rush their purchases. While some distributors noted that the narrowing price gap between Category A and B might shift interest toward larger models, others argued that buyers of larger cars are more likely to switch to Category A models due to cost.
How each side framed it
- Centre
- The center outlet focused primarily on the statistical data and the official statement from the Land Transport Authority.
- Centre-right
- The center-right outlet provided more extensive industry context, highlighting market competition and the impact of future incentive cuts.
Sources
100% of the statements in this article were traced back to the source articles listed above.