COE Prices Up for Cat A, E Vehicles Amid Excess Demand

Prospective buyers worried as many cars are hitting 10-year mark in 2025

- Esther Loi

Certificate of entitlement (COE) prices for Category A and E vehicles inched up at the latest tender exercise on April 23.

The premium for a Category A COE—meant for smaller and less powerful cars and electric vehicles (EVs)—climbed 1.8 percent to $99,500, from $97,724 recorded in the previous tender exercise on April 9.

The price of an Open category (Category E) COE was $118,001—0.9 percent more than the $117,002 in the previous bidding exercise.

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

The April 23 exercise is the last of the three-month COE quota period from February to April.

The supply of COEs will increase by 6.4 percent from 17,133 to 18,232 certificates in the next quota period from May to July.

COE premiums fell across the other categories.