Singapore COE prices rise across all categories, with Category A up 5.5 per cent

Certificate of entitlement (COE) premiums rose across all five vehicle categories at the latest tender exercise on 8 April 2025, with the sharpest increase recorded in Category A, which covers smaller and less powerful cars as well as electric vehicles (EVs).

The Category A premium closed at S$118,000, a 5.5 per cent increase from S$111,890 at the previous tender held on 18 March 2025.

Category B premiums, which apply to larger and more powerful cars and EVs, rose 4.7 per cent from S$115,568 to S$121,000.

The Open Category, also known as Category E, posted a 2.4 per cent gain, climbing from S$118,119 to S$121,001.

Open Category COEs may be used to register any vehicle type except motorcycles. They are typically used for larger cars and are frequently secured by motor traders seeking flexibility in vehicle registration without being bound to a specific tender cycle.

The commercial vehicle COE premium, classified under Category C, rose 2.6 per cent from S$78,000 to S$80,001.

Motorcycle COEs under Category D increased 4.3 per cent, from S$9,589 to S$10,000.

Background: How the COE system works

Singapore's COE system regulates the total number of vehicles allowed on the road by requiring buyers to bid for the right to own and register a vehicle. Premiums are determined through a competitive bidding process conducted in fortnightly tender exercises.

Categories A and B cover private cars, differentiated by engine capacity and power output. Category C covers goods vehicles and buses, while Category D is for motorcycles. Category E certificates are open to all vehicle types except motorcycles and carry a premium that often reflects broader demand trends in the market.