Singapore COE prices for Category A rise above S$128,500

AI-summarized · Neutrality-checked

In the latest bidding exercise ending August 19, Singapore Certificate of Entitlement (COE) premiums mostly increased, with Category A car prices rising 3.7 percent to S$128,501. Category B premiums rose to S$131,001, while motorcycle premiums climbed 7.6 percent to S$11,301 and Open category COEs reached S$135,000. Conversely, premiums for commercial vehicles decreased by 1.7 percent to S$90,002. These results occurred amid a total of 4,515 bids for a quota of 3,205 available certificates.

Consequences

The marginal 0.2 percent increase in the quota for the August to October period suggests that vehicle supply remains tightly constrained relative to demand. Bidders will likely continue to face high costs for vehicle ownership as premiums across most categories remain elevated.

Sources

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