Certificate of entitlement (COE) for cars hit another record high in the latest tender exercise on Oct. 18, 2023.

Category A

The Category A COE premium was up 1.92 per cent at a record S$106,000, up from S$104,000 achieved at the last tender exercise.

The previous tender exercise ended at S$105,000.

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.

Category B

The Category B COE premium was 2.73 per cent higher at S$150,001, up from S$146,002 set two weeks ago, which also set a record high for the sixth 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$158,004.

This was 3.95 per cent higher than the S$152,000 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.

COEs for commercial vehicles, such as goods vehicles and buses, fell from S$85,900 to S$84,790.

Motorcycle premiums are up at S$11,201, when it was S$10,856 in the last exercise.

A total of 2,697 bids were received for 2,023 COEs available.

An additional 300 Category A COEs were reallocated for October.

Top photo via Unsplash