COE prices surge across all categories in latest tender on 7 August

Certificate of Entitlement (COE) prices rose across the board at the latest tender on 7 August, with the premium for larger cars recording the largest increase.

The premium for Category B certificates, which are meant for larger and more powerful cars and electric vehicles (EVs), surged to S$106,101. This represents a 6.1 per cent increase from the S$100,000 recorded at the last exercise three weeks ago. The S$6,101 hike follows a S$901 dip in the COE premium for this category during the previous round.

Category A COEs, designated for smaller and less powerful cars and EVs, also saw a rise. The premium climbed 2.6 per cent to S$94,289, up from S$91,899. This marks the fourth consecutive increase in the COE premium for this category.

In the Open category (Category E), the COE premium ended at S$105,239, which is 4.9 per cent higher than the previous price of S$100,341. Although Open category certificates can be used to register any vehicle type except motorcycles, they are predominantly utilised for larger and more powerful cars and EVs.

Motorcycle COEs (Category D) experienced a 5.6 per cent increase, reaching S$9,601, up from S$9,089.

The COE premium for commercial vehicles (Category C) ended at S$71,100, showing a modest increase of 0.7 per cent from the S$70,601 registered at the previous tender.