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Singapore’s car COE premiums soar to record highs; Open Category hits S$144,640

Prices across different vehicle categories soar to record high in the latest recent Certificate of Entitlement (COE) tender exercise.

Notably, the Open category COE, favored by larger car owners, surged to an all-time high at S$144,640, reflecting a significant 5.58 percent increase from the previous record of S$137,000 in the last tender.

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SINGAPORE: In the latest Certificate of Entitlement (COE) tender exercise that concluded on Wednesday (20 Sept), Singaporeans were greeted with record-breaking prices in various vehicle categories.

The soaring COE premiums have once again highlighted the challenges faced by aspiring car owners in the city-state.

The most significant surge was witnessed in the COE premium for smaller cars, defined as those with engines under 1,600cc and less than 130bhp, including electric vehicles (EVs) with a maximum power output of 110 kilowatts.

These COEs reached a staggering high of S$105,000, marking a 3.96 per cent increase from the previous tender exercise’s S$101,000.

The previous record for COEs in this category stood at S$103,721.

Notably, the premium for larger and more powerful cars and EVs also surged to a record high for the fourth consecutive tender.

Clocking in at an eye-watering S$140,889, it reflected a 4.45 per cent increment from the previous record of S$134,889, set just two weeks ago.

Even the Open category COE, which can be utilized for any vehicle type except motorcycles but is predominantly sought after by owners of larger cars, hit an all-time high.

This category saw a substantial jump to S$144,640, marking a 5.58 per cent increase from the previous record of S$137,000 from the last tender exercise.

While the overall trend pointed upward, commercial vehicle COE premiums experienced a more modest increase, rising by 1.1 per cent to reach S$83,801, up from S$82,889 in the preceding tender.

The COE premium for motorcycles was the sole category that saw a dip in prices.

At S$10,700, the price was 1.84 per cent lower than the S$10,901 recorded just two weeks ago.

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Civil Society

Three women to contest charges over pro-Palestinian procession outside Istana

Three Singaporean women, charged under the Public Order Act for organizing a pro-Palestinian procession on 2 February, will contest their charges at trial, a court heard on 18 September. About 70 people participated in the February event, carrying watermelon-adorned umbrellas as a symbol of Palestinian resistance while delivering letters to then-Prime Minister Lee Hsien Loong.

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SINGAPORE: Three Singaporean women charged in connection with a pro-Palestinian procession to the Istana will contest their charges at trial, a court heard on Wednesday (18 September).

The defendants are Annamalai Kokila Parvathi, 35, an activist with the Transformative Justice Collective (TJC); Siti Amirah Mohamed Asrori, 29, a social media influencer; and Mossamad Sobikun Nahar, 25, a community worker.

They were charged in June under the Public Order Act for organizing an unpermitted procession on 2 February.

During the court hearing on Wednesday, the trio, through their lawyer, indicated their intention to contest the charges and claim trial.

Siti Amirah and Mossamad are accused of organizing the procession that occurred between 2pm and 3pm along the perimeter of the Istana, a restricted area.

Kokila is charged with abetting the conspiracy by collaborating with Siti, Mossamad, Alysha Mohamed Rahmat Shah, Anystasha Mohamed Rahmat Shah, and other unnamed individuals to organize the event.

According to a previous police statement, around 70 people gathered outside a mall on Orchard Road at about 2pm on 2 February before marching towards the Istana.

They carried umbrellas painted with watermelon images, symbolizing support for Palestinians amidst the ongoing Israel- Palestinian conflict.

The watermelon, reflecting the colors of the Palestinian flag, has become a symbol of solidarity.

Social media posts indicate that participants of the Letters for Palestine event walked from Plaza Singapura to the Istana to deliver letters addressed to then-Prime Minister Lee Hsien Loong.

The cases have been adjourned to October for pre-trial conferences.

If convicted under the Public Order Act, the women face a potential penalty of up to six months’ imprisonment, a fine of up to S$10,000, or both.

The police have reiterated their call for the public to avoid actions that could disrupt peace, public order, and social harmony in Singapore.

They advised that while strong feelings about the Israel-Hamas conflict are understandable, lawful means of expression, such as participating in organized forums, dialogues, and donation drives, are preferable to illegal protests.

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Singapore

COE prices surge across most categories, Open Category hits S$113,104

COE premiums rose on 18 September, with the Open Category hitting S$113,104, the highest since December 2023. Category A and B premiums also saw increases, while commercial vehicle COEs remained stable.

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Certificate of Entitlement (COE) premiums surged across most categories on 18 September, with the Open Category recording the steepest increase, reaching S$113,104.

This marks the highest price since December 2023, when the premium for an Open Category COE peaked at S$118,388.

The Category A COE, designated for smaller and less powerful cars as well as electric vehicles (EVs), rose by 2.1% to S$98,524 from S$96,490 at the previous tender on 4 September. This is the highest price recorded for Category A COEs in 2024.

Category B COEs, which apply to larger and more powerful cars and EVs, saw a 3.5% increase, with premiums rising to S$110,001 from the previous S$106,300.

Meanwhile, the Open Category, or Category E, which can be used to register any vehicle except motorcycles but is often applied to larger vehicles, rose by 5.8% to S$113,104, compared to S$106,901 from the earlier tender.

In contrast, the COE premium for commercial vehicles (Category C) remained largely unchanged at S$74,000, only S$1 below the figure from the previous exercise.

The premium for motorcycle COEs (Category D) saw a modest 1% increase, reaching S$9,900, up from S$9,801 in the last round.

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