Cat A and Cat B COE prices rise after review announcement
Singapore's Certificate of Entitlement (COE) prices for cars rose in the latest bidding round following the announcement of a potential system overhaul. The Land Transport Authority is considering merging vehicle categories to better differentiate between mass-market and luxury vehicles.
Why it matters
The rising costs and proposed policy changes reflect the government's ongoing efforts to manage vehicle population growth and affordability in a highly regulated market.
Car COE prices rose in the latest bidding exercise after dipping in the two previous rounds.
Listen Summarise COE premiums rose in the Oct 21 tender after a review was announced. Category A hit $132,004 and Category B reached $131,901. LTA is reviewing the COE system and may merge Categories A and B into one passenger car category. Public feedback closes on Nov 2. Dealers said demand is being driven by fears of higher prices, the coming Car Expo, and expiring EV incentives. LTA urged buyers and dealers to bid prudently. AI generated
SINGAPORE – Certificate of entitlement (COE) prices edged upwards at the Oct 21 tender exercise, with the price of Category A, meant for smaller, less powerful cars and electric vehicles (EVs), rising 1.5% from $130,001 to $132,004.
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