Singapore COE Premiums Drop Across Most Categories: Price Trends and Insights

COE Premiums Drop in Singapore

On November 20, Certificate of Entitlement (COE) premiums fell in all categories except for commercial vehicles. The price for smaller cars (Category A COE) dropped by $10,000 to $89,889. This represents a 10% decrease. It is the third consecutive tender where the price has decreased, marking the largest drop since January, when it fell by $19,990.

The premium for larger cars (Category B COE) decreased by 2.7%, settling at $105,081, down from $108,001.

The Open category (Category E COE) price ended at $107,501, which is 1.4% lower than the previous price of $109,000. These certificates can register any vehicle, except motorcycles, but are usually used for larger cars.

The motorcycle COE (Category D) saw a decline of 4.6%, dropping to $8,669 from $9,089.

In contrast, the commercial vehicle COE (Category C) increased by 1%, reaching $69,000, up from $68,340 two weeks prior.

A COE is necessary for vehicle registration in Singapore.