Premiums for smaller cars in Singapore have reached a new record high, closing at S$107,889 (US$83,715) in the latest Certificate of Entitlement (COE) bidding exercise on 3 September 2025.
According to official results, Category A premiums, covering cars up to 1,600cc with horsepower not exceeding 130bhp, surpassed the previous peak of S$106,000 recorded in October 2023.
The latest figure is a rise from S$104,524 in the last exercise.
For Category B, covering larger and more powerful cars, premiums increased to S$127,501 from S$124,400.
Open category COEs, typically used for larger cars despite being valid for any vehicle type, climbed to S$127,901, compared with S$125,001 in the previous round.
Commercial vehicle COEs saw a decline, falling to S$71,556 from S$72,190.
Motorcycle premiums rose, closing at S$9,101 compared with S$8,809 in the earlier exercise.
In total, 4,553 bids were submitted for 3,144 available COEs.
This exercise marked the third tender under the August-to-October quota period, with 18,701 COEs allocated.
By contrast, the same period in 2024 saw 15,283 COEs available.
The COE system, introduced in 1990, regulates vehicle ownership by requiring buyers to bid for a certificate before registering a new vehicle.
Quotas are determined by the number of deregistered vehicles, making supply cyclical.
In 2024, Singapore experienced a similar upward trend in premiums, though prices stabilised at slightly lower levels.
The current spike suggests demand remains resilient, particularly among buyers seeking EVs, despite overall market costs continuing to climb.
The post COE premiums for smaller cars hit record S$107,889 in latest bidding appeared first on The Online Citizen.
