Certificate of entitlement (COE) for cars hit record highs in the latest tender exercise that closed on Sep. 20, 2023.

Category A

The Category A COE premium was 3.96 per cent higher at S$105,000, up from S$101,000 achieved at the last tender exercise.

Category A COE is for smaller cars with engines that are smaller than 1,600cc and less power than 130bhp, as well as electric vehicles (EVs) with not more than 110 kilowatts.

The previous high for Category A COE was S$103,721.

Category B

The Category B COE premium was 4.45 per cent higher at S$140,889, up from S$134,889 set two weeks ago, which also set a record high for the fourth consecutive tender.

Category B COE is for larger and more powerful cars with engines that are bigger than 1,600cc and more power than 130bhp, as well as EVs with more than 110 kilowatts.

Open category

The Open category COE premium set an all-time high at S$144,640.

This was 5.58 per cent higher than the S$137,000 record in the last round.

The Open category COE ends up mostly for bigger cars, but can be used for any vehicle type except motorcycles.

Top photo via Unsplash