[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 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 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, 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 at S$9,511 was 3.4 per cent above the S$9,201 recorded previously.
Correction note: An earlier version of this story said Category B COE prices were at its highest since December 2023. This is incorrect. The story has been amended to reflect that the COE prices for the Categories B and E crossed $116,000 – the highest since Jan 2025. We are sorry for the error. THE STRAITS TIMES
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