COE premiums fall for most categories; largest drop in Cat A

Fewer bids received overall, reflecting weaker demand

- Lee Nian Tjoe

Certificate of entitlement (COE) premiums fell for all categories except motorcycles at the latest tender on June 4.

The largest drop was in Category A, meant for smaller and less powerful cars and electric vehicles (EVs). At $96,999, the premium was 5.4 per cent lower than the $102,501 at the previous exercise.

For Category B, meant for larger and more powerful cars and EVs, the premium was $113,000, down 3.4 per cent from $116,988 recorded at the last tender on May 21.

This is the second consecutive tender exercise where COE prices for cars have fallen, although premiums are still higher than a year ago.

At the first of two tender exercises in June 2024, the Category A price was $88,200, while Category B was $100,607.

The price of an Open category (Category E) certificate was $113,900, 3.5 per cent lower than the $118,010 at the last exercise.