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SINGAPORE: The Certificate of Entitlement (COE) premium for Category A cars closed at a record high in the latest bidding exercise on Wednesday (Nov 4).<\/p>\n
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, the premium closed at S$139,001 (US$108,686), <\/strong>up 5.3 per cent from S$132,004 in the last exercise.<\/p>\n The premium for larger and more powerful cars in Category B rose 0.3 per cent to S$132,334<\/span> from S$131,901.<\/p>\n COEs for commercial vehicles, which include goods vehicles and buses, remained the same at S$92,000 as in the previous bidding exercise.<\/p>\n The premium for motorcycles closed at S$10,689, down 0.8 per cent from S$10,778 in the last exercise.<\/p>\n Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose 0.2 per cent <\/strong>to S$135,998 from S$135,790.<\/p>\n A total of 4,722 bids were received, with a quota of 3,259 COEs available.<\/p>\n The Land Transport Authority (LTA) said COE prices remained elevated, likely due to strong demand for mass-market electric vehicles that qualify under Category A.<\/p>\n It added that a recent car expo held on Oct 24 and Oct 25 may have contributed to increased demand during this period.<\/p>\n “We urge buyers and dealers to be prudent in bidding for COEs,” an LTA spokesperson said.<\/p>\n LTA said last week that the COE quota for November 2026 to January next year would increase by 1.1 per cent<\/span> to 19,298, with Category B cars’ quota rising by about 3.3 per cent.\u00a0<\/span><\/p>\n The quota for Category A cars will remain unchanged, while quotas for Category C and Category E will increase by about 2 per cent and about 3.7 per cent, respectively. The motorcycle quota under Category D will fall by about 2 per cent.<\/span><\/p>\n<\/div>\n
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