Singapore COE Bidding Exercise Reveals Premium Trends

The recent Certificate of Entitlement (COE) bidding exercise in Singapore showcased a varied trend in premiums for different vehicle categories. Category A car premiums, designed for smaller vehicles, closed at S$90,889, marking an increase from the previous exercise. Meanwhile, premiums for Category B cars, which cater to larger and more powerful vehicles, rose to S$102,334. Commercial vehicle COEs decreased to S$69,900, while motorcycle premiums saw an increase to S$9,002. Open category COEs, known for their versatility but mainly used for large cars, experienced a decrease to S$100,000.

The bidding exercise attracted 3,661 bids for the available 2,551 COEs. The total COE quota for the May to July period expanded by 2.7% compared to the previous quarter, with increased quotas for Category A, Category B, and Category E vehicles. Category C also received a boost in COE supply, while the quota for Category D motorcycles remained unchanged.

The latest COE bidding exercise in Singapore showcased fluctuations in premiums across different vehicle categories. With increased quotas for various vehicle types, the market dynamics continue to evolve, impacting both consumers and businesses. Stay informed about COE trends to make informed decisions regarding vehicle ownership in Singapore.