COE premiums reach near two-year high in latest bidding exercise

Date:

Box 1


Certificate of Entitlement (COE) premiums in Singapore have climbed to near two-year highs in the latest bidding exercise on 20 August 2025.

Box 2

For Category A, covering smaller cars, premiums rose to S$104,524, up from S$102,009 in the previous round.

The last time prices were higher was in October 2023, when the category reached a record of S$106,000.

Category B, which applies to larger and more powerful cars, increased to S$124,400 from S$123,498.

Box 3

The level was last surpassed in December 2023, when premiums hit S$130,100.

Open category COEs, which are transferable and mainly used for large cars, closed at S$125,001, higher than S$122,334 in the previous exercise.

Prices in this category were last higher in December 2023 at S$133,388.

Box 4

Commercial vehicle premiums, which apply to goods vehicles and buses, also rose, closing at S$72,190 compared with S$70,001 earlier.

Motorcycles were the only segment to see a decline, with premiums dropping to S$8,809 from S$9,189.

In total, 4,760 bids were submitted against a quota of 3,126 COEs available.

This marks the second tender under the August to October 2025 quota.

According to figures released, the overall supply of COEs for the quarter is 18,701, an increase of nearly 2.6 per cent compared with the previous period.

Despite the higher supply, premiums in car categories have continued to climb, underscoring sustained demand amid limited availability.

The post COE premiums reach near two-year high in latest bidding exercise appeared first on The Online Citizen.



Source link

Box 5

Share post:

spot_img

Popular

More like this
Related

Ukraine: Russian ballistic missiles now harder for Patriot to hit

Ukraine’s air defense forces are facing mounting challenges...

Heavy Rains in Nepal Cause Deadly Floods and Landslides

new video loaded: Heavy Rains in Nepal Cause...

RTS Link project hits key milestones, remains on track for end-2026 opening

SINGAPORE/JOHOR BAHRU: For the thousands of people who...