COE premiums close mostly lower, with Category A prices dipping to S$85,000

SINGAPORE: Certificate of Entitlement (COE) premiums fell in the latest bidding exercise on Wednesday (Feb 5), except for prices in the motorcycle category.

The tender that closed on Wednesday is the first under an expanded quota for the February to April quarter.

For small cars in Category A, premiums closed at S$85,000 (US$62,975), the lowest since March 2024. It fell by about S$8,600 from S$93,601 in the last exercise.

Premiums for larger and more powerful cars in Category B fell from S$116,625 to S$111,104.

COEs for commercial vehicles, which include goods vehicles and buses, fell from S$65,476 to S$62,506.

Open category COEs, which are mainly used for large cars although they can be used for any vehicle type, fell from S$115,112 to S$110,000.

Motorcycle premiums closed at S$8,289, up from S$7,709 in the last exercise.

A total of 3,934 bids were received, with a quota of 2,869 COEs available.