Certificate of Entitlement (COE) premiums dropped across all categories except motorcycles in the latest tender exercise on 4 June, marking the second consecutive round of decreases for car categories.
The largest fall was in Category A, which covers cars and electric vehicles (EVs) with engine capacities of up to 1,600cc and power outputs not exceeding 130bhp.
The premium dipped by 5.4 per cent to S$96,999, down from S$102,501 in the previous exercise.
Category B, which applies to larger and more powerful vehicles, including high-powered EVs, also saw a reduction. The premium settled at S$113,000, 3.4 per cent lower than the S$116,988 recorded on 21 May.
For the Open category (Category E), typically used for bigger vehicles despite being applicable to all vehicle types except motorcycles, the premium declined to S$113,900. This represents a 3.5 per cent fall from the previous S$118,010.
In the commercial vehicle segment (Category C), which includes goods vehicles and buses, the premium slipped by 1.9 per cent to S$62,000 from S$63,189.
Category D, designated for motorcycles, was the only segment to see an increase. The premium rose 3.4 per cent to S$9,000 from S$8,707 in the previous round.
The latest results come amid ongoing market adjustments following earlier surges in COE prices throughout 2023. Although car COE premiums have now fallen in two successive tender exercises, they remain elevated compared to prices a year ago.
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