COE premiums fall as Cat A ends at $130,001
Singapore's Certificate of Entitlement (COE) premiums for most vehicle categories saw a decline in the latest tender exercise. Industry experts attribute the drop to weaker market demand as potential buyers wait for upcoming automotive expo deals.
Why it matters
COE prices are a critical economic indicator in Singapore, directly impacting the cost of living and the automotive market.
Category A COEs – meant for smaller, less powerful cars and electric vehicles – dropped 1.4% from $131,890 in the last exercise to $130,001 in the latest round.
Listen SINGAPORE – The Category A certificate of entitlement (COE) premium dropped slightly to $ 130,001 in the Oct 7 tender exercise, after reaching an all-time high of $ 133,009 in early September .
Prices in all the other categories also dropped, except for the Open (Category E) premium, which held steady.
The price for Category A COEs – meant for smaller, less powerful cars and electric vehicles (EVs) – dropped 1.4 % from $ 131,890 in the last exercise.
The premium for Category B COEs – used to register larger, more powerful cars and EVs – fell 2.2 % from $ 133,000 to $ 130,100 .
The Open category COE premium stayed the same at $ 137,000 .
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in