Singapore’s Certificate of Entitlement (COE) premiums fell across all vehicle categories in the latest bidding exercise on Sept. 23, but prices for all three car categories remained above S$130,000.
Category A, for smaller and less powerful cars and eligible electric vehicles, closed at S$131,890, down S$1,119 or 0.84 per cent from the record S$133,009 reached in the previous exercise.
Category B, covering larger and more powerful cars and eligible electric vehicles, fell S$2,001, or 1.48 per cent, to S$133,000. Category E, the open category that can be used for any vehicle except motorcycles, dropped S$890 to S$137,000.
Commercial vehicles and buses also recorded a decline. Category C premiums fell 1.03 per cent to S$92,144, from S$93,101 previously.
Motorcycle premiums in Category D saw the largest percentage decline in the latest exercise, dropping 2.83 per cent from S$12,556 to S$12,201. Despite the fall, the premium remains above the S$10,000 level that has been considered elevated for the category.
The latest results followed a record-setting first September exercise, when premiums increased across every category. Category A crossed S$130,000 for the first time, while Category B also reached a new high for the year.
The Land Transport Authority said COE prices remain elevated, although they declined across all categories compared with the previous bidding exercise. The authority also noted that Category A and B prices remain similar as it reviews the way cars are categorised.
The COE system limits the number of vehicles that can be registered in Singapore, with motorists required to obtain a COE to own and use a vehicle. The Government is reviewing the categorisation of cars, with the review expected to be completed by the end of 2026.
For prospective car buyers, the latest results provide some relief after the September record, but the cost of securing a COE remains historically high, with the premiums for new cars still exceeding S$130,000 across all three car categories.
