Cat A COE price falls 9.8% to $110,002 as premiums drop across the board

Cat A COE is priced just $4,999 below Cat B's, the narrowest price gap since November 2024

- Lee Nian Tjoe Senior Transport Correspondent

Certificate of entitlement (COE) premiums came down across the board on Nov 5, with the price of certificates for smaller cars falling to $110,002 and that for larger cars to $115,001.

This is the second consecutive tender exercise where premiums for COEs used to register cars fell.

Category A COEs, meant for smaller and less powerful cars and electric vehicles (EVs), dropped to $110,002 – 9.8 per cent lower than the $122,000 at the previous exercise.

The price of Category A COEs has been edging up since the first tender exercise in June, hitting a record of $128,105 at October's first tender.

At $115,001, the price of a Category B COE - for larger and more powerful cars and EVs - was 12.8 per cent lower than the $131,889 at the last exercise on Oct 23.

Car dealers said showroom traffic did not pick up as much as they had hoped since the dip in COE premiums at the previous round. Some said sales promotions at various shopping malls over the past two weeks have not been effective in bringing in more business, as consumers are holding out for COE premiums to fall further before committing to a purchase.