[SINGAPORE] At the Certificate of Entitlement (COE) bidding exercise on Wednesday (May 7), the premiums for mainstream car, larger car and open categories rose by between S$888 and S$3,509 in May’s first tender.
The premium for Category A climbed 3.5 per cent or S$3,509 to S$103,009 from S$99,500 recorded at the previous tender exercise on Apr 23. This category applies to cars with engines of up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
In Category B, the premium was S$119,890, 2.5 per cent or S$2,887 higher than the S$117,003 at the last bidding.
Category B is for cars with engines of more than 1,600 cc in capacity or with more than 97 kW, or for EVs with more than 110 kW.
The price for the open category (Category E) COE was S$118,889 – 0.8 per cent or S$888 more than the S$118,001 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, more powerful cars.
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This exercise is the first of the three-month COE quota period from May to July, when the supply of COEs will increase by 6.4 per cent to 18,232 from 17,133.
The premiums for the other two categories were down.
At S$62,590, the commercial vehicle (Category C) COE premium was 3.7 per cent or S$2,411 lower than the previous price of S$65,001.
The motorcycle (Category D) COE premium came in at S$8,709 – down 6.4 per cent or S$600 from S$9,309.
The increase in quota from May to July is partly due to vehicle de-registrations between April 2024 and March 2025, and provisions for around 0.3 per cent yearly rise in commercial vehicle COEs based on the vehicle population as at Dec 31, 2024.
