CERTIFICATE of Entitlement (COE) bidding for 2025 is off to a racing start as the premium for larger, more powerful cars – those classified as Category B – spiked 11.5 per cent or S$12,501 to S$121,501.
The premium is higher now than in all of 2024, where the peak was S$116,002 in October’s first round of bidding. The last time the premium was higher was during December 2023’s first round of bidding when it was S$130,100.
Category B is reserved for cars that have engines of more than 1,600 cubic centimetres (cc) in capacity or with more than 97 kilowatts (kW) of power, or for electric vehicles (EVs) with more than 110 kW of power.
The premium for the Open category, E, increased even more: it was up 12.9 per cent or S$14,008 at S$123,000.
While an Open category certificate can be used to register any type of vehicle other than motorcycles, it is typically used to register the most expensive vehicles – those from Category B.
Similar to Category B, Category E had not reached this price level in all of 2024. The previous highest price of S$133,388 was in December 2023’s first round of bidding.
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The price for Category A, used for mainstream cars, dipped 2.4 per cent or S$2,301 to S$93,699.
The Category A COE applies to mainstream cars that have engines of up to 1,600 cc in capacity or with up to 97 kW of power, or for EVs with up to 110 kW of power.
The price for Category C, applicable to commercial vehicles and buses, decreased 2.9 per cent or S$1,999 to S$67,891.
The price for Category D, used for motorcycles, increased 7.4 per cent, or S$620, to S$9,001.
