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).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$139,001 (US$108,686), up from S$132,004 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$132,334 from S$131,901.
COEs for commercial vehicles, which include goods vehicles and buses, remained the same at S$92,000 as in the previous bidding exercise.
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Motorcycle premiums closed at S$10,689, down from S$10,778 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$135,998 from S$135,790.
A total of 4,722 bids were received, with a quota of 3,259 COEs available.
The Land Transport Authority (LTA) said last week that the COE quota for November 2026 to January next year would increase by 1.1 per cent to 19,298, with Category B cars' quota rising by about 3.3 per cent.
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.
Singapore is considering changes to its COE system after LTA proposed merging categories A and B into a single category for cars, with surcharges and rebates pegged to a vehicle's open market value.
The suggested changes are due to the narrowing gap between Category A and B COE premiums.
The two categories have traditionally segmented the market for cars into smaller, less powerful models and larger, more powerful ones, based on engine capacity and power.
But advances in vehicle technology, particularly the arrival of electric vehicles, have made these criteria less effective, and manufacturers are increasingly able to adjust vehicle specifications to fit within existing Category A thresholds.
This has increased competition in Category A and narrowed its price gap with Category B. Category A premiums exceeded Category B premiums three times between February and June this year.
Public consultation for the proposed scheme closed on Monday, with the majority of respondents supporting the introduction of rebates and surcharges.
Transport Minister Jeffrey Siow said in parliament on Tuesday that LTA was still studying the submissions after the consultation closed on Monday and had not decided on the final changes.
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For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$139,001 (US$108,686), up from S$132,004 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$132,334 from S$131,901.
COEs for commercial vehicles, which include goods vehicles and buses, remained the same at S$92,000 as in the previous bidding exercise.
CNA Games
Show More Show Less
Motorcycle premiums closed at S$10,689, down from S$10,778 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$135,998 from S$135,790.
A total of 4,722 bids were received, with a quota of 3,259 COEs available.
The Land Transport Authority (LTA) said last week that the COE quota for November 2026 to January next year would increase by 1.1 per cent to 19,298, with Category B cars' quota rising by about 3.3 per cent.
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.
PROPOSED CHANGES TO COE SYSTEM
Singapore is considering changes to its COE system after LTA proposed merging categories A and B into a single category for cars, with surcharges and rebates pegged to a vehicle's open market value.
The suggested changes are due to the narrowing gap between Category A and B COE premiums.
The two categories have traditionally segmented the market for cars into smaller, less powerful models and larger, more powerful ones, based on engine capacity and power.
But advances in vehicle technology, particularly the arrival of electric vehicles, have made these criteria less effective, and manufacturers are increasingly able to adjust vehicle specifications to fit within existing Category A thresholds.
This has increased competition in Category A and narrowed its price gap with Category B. Category A premiums exceeded Category B premiums three times between February and June this year.
Public consultation for the proposed scheme closed on Monday, with the majority of respondents supporting the introduction of rebates and surcharges.
Transport Minister Jeffrey Siow said in parliament on Tuesday that LTA was still studying the submissions after the consultation closed on Monday and had not decided on the final changes.
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