Singapore COE Premiums Hit Record Highs with Shifting Demand Trends
In June 2026, Singapore’s Certificate of Entitlement (COE) premiums for commercial vehicles hit a record S$94,000, while passenger car premiums largely declined. Notably, Category A (smaller cars) exceeded Category B (larger cars) for the third time in four months, reflecting strong demand for entry-level vehicles. The Open category rose marginally to S$129,002. These trends highlight ongoing supply constraints and shifting demand dynamics in Singapore’s tightly controlled vehicle quota system.
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Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
In Singapore's latest Certificate of Entitlement (COE) bidding exercise on June 17, 2026, Category A premiums fell 1.7% to S$123,847, surpassing Category B's S$123,502 for the third time in four months. Category B dropped 2.7% from S$126,989. The Open category (E) saw a marginal S$2 increase to S$129,002. Motorcycle COEs (Category D) fell 0.1% to S$9,989, while commercial vehicle COEs (Category C) declined 1.1% from a record high to S$93,001. The article notes that Category A is for smaller, less powerful cars and EVs, while Category B is for larger, more powerful cars and EVs. The Open category certificates are transferable and often used by motor traders for flexibility.
The Business TimesCat A COE Premium Exceeds Cat B for Third Time in 4 Months; Premiums Largely Down
In the second round of bidding for June 2026, Singapore's Certificate of Entitlement (COE) premiums for passenger cars fell across most categories. Notably, Category A (cars up to 1,600cc) premiums exceeded Category B (cars above 1,600cc) for the third time in four months, indicating sustained demand for smaller, more affordable cars. The Open category COE inched up S$2 to S$129,002. The overall trend reflects a softening in premiums for larger cars, while demand for entry-level vehicles remains robust.
The Business TimesCat A COE Rate Exceeds Cat B for Third Time in 4 Months; Premiums Largely Down
In Singapore's latest Certificate of Entitlement (COE) bidding exercise, the Category A COE premium exceeded Category B for the third time in four months, a notable market anomaly. Overall, most COE premiums declined, with the Open category being the only one to rise, increasing by S$2 to S$129,002. This trend reflects shifting demand dynamics in Singapore's vehicle quota system, where Cat A (for smaller, less powerful cars) has been pricing higher than Cat B (for larger, more powerful cars) more frequently than historically observed. The article, published by The Business Times on June 17, 2026, highlights the continued volatility in the COE market and the unique position of the Open category as the sole premium to increase in this round.
The Business TimesCommercial Vehicle COE Premium Hits All-Time High of S$94,000 in Singapore
Singapore's Certificate of Entitlement (COE) premium for commercial vehicles reached an all-time high of S$94,000 at the latest tender, surpassing the previous record. The article highlights that there is only a S$980 difference between the premiums for Categories A (smaller cars) and B (larger cars), indicating a narrowing gap. Published by The Business Times on June 4, 2026, the report underscores the continued upward pressure on vehicle ownership costs in Singapore, driven by limited supply and sustained demand. The record high reflects ongoing trends in the city-state's tightly controlled vehicle quota system.
The Business TimesSingapore Commercial Vehicle COE Premium Hits Record High of S$94,000
The Certificate of Entitlement (COE) premium for commercial vehicles in Singapore reached an all-time high of S$94,000 at the latest tender, surpassing the previous record. The gap between Category A (cars up to 1,600cc) and Category B (cars above 1,600cc) premiums narrowed to just S$980, indicating strong demand across vehicle segments. Meanwhile, the Open category (Category E) premium saw a slight decline of 0.8%, falling from S$130,000 to S$129,000. The record-high premiums reflect ongoing supply constraints and robust demand in Singapore's vehicle market, with commercial vehicle costs particularly impacted.
The Business Times