Cat A crosses $104k as COE premiums rise in most categories

Certificate of entitlement (COE) premiums rose in all categories except motorcycles, with the price of a certificate for smaller, less powerful cars and electric vehicles reaching $104,524 on Aug 20.

- Lee Nian Tjoe

The premium for a Category A COE—meant for smaller and less powerful cars and electric vehicles (EVs)—climbed 2.5 per cent to $104,524, from $102,009 at the previous exercise.

This is the highest Category A premium since the second tender of October 2023, when it was $106,000. It is also the fourth consecutive exercise where the Category A COE price has breached the $100,000 mark.

A Category B COE, meant for larger and more powerful cars and EVs, came in at $124,400 on Aug 20, increasing 0.7 per cent from $123,498.

The price for an Open category (Category E) COE rose to $125,001—2.2 per cent higher than the $122,334 at the previous exercise.

Open category certificates can be used for any vehicle type other than motorcycles, but are almost always used for bigger and more powerful cars.

A COE is needed to register a vehicle in Singapore and is usually included in the vehicle price.