Singapore COE Prices Hit Record S$129,000 Amid EV Incentive Uncertainty
On July 8, 2026, Singapore’s Certificate of Entitlement (COE) prices surged to new records, with Category A (mainstream cars) reaching S$129,000 and Category B (larger cars/EVs) hitting S$130,889. The spike is driven by a “re-run of 2025 mania,” fueled by fear of missing out on expiring EV incentives in 2027, uncertainty over the COE framework, and longer bidding intervals. Commercial vehicle COEs also rose to S$95,000. The trend reflects sustained demand and limited supply in Singapore’s vehicle quota system.
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Industry calls for closer look at commercial vehicle category as its COE premiums breach new high
Singapore's commercial vehicle Certificate of Entitlement (COE) premiums have reached a new record high, prompting businesses to urge authorities to review the category. Industry representatives are calling for measures to lower premiums or make the system fairer, as surging costs strain operations. The article, published by The Business Times on July 13, 2026, highlights growing concerns among businesses that rely on commercial vehicles for logistics and daily operations. The spike in COE prices adds to operational expenses, potentially impacting supply chains and consumer prices. Stakeholders are seeking policy adjustments to alleviate the financial burden on the commercial sector.
The Business TimesRecord Cat A COE: Expiring EV Perk and Longer Bidding Interval Drive Premium Surge
Singapore's Certificate of Entitlement (COE) prices for Category A (mainstream cars) hit a record high in July 2026, driven by awareness that electric vehicle (EV) incentives will be reduced in 2027 and impending changes to the bidding system. Analysts describe the situation as a 're-run of 2025 mania,' with longer bidding intervals and expiring perks keeping premiums elevated. The article, published by The Business Times on July 8, 2026, analyzes how these factors are fueling demand and pushing COE prices to unprecedented levels for mainstream vehicles.
The Business TimesChanges to EV incentives, uncertainty over COE framework drive Category A premium to a new high in 're-run of 2025 mania'
The Business Times reports that Singapore's Category A Certificate of Entitlement (COE) premium has reached a new all-time high, driven by awareness that electric vehicle (EV) incentives will be reduced in 2027 and uncertainty over the future COE framework. The article describes the situation as a 're-run of 2025 mania,' with strong demand keeping premiums elevated for mainstream cars. The publication date is July 8, 2026, and the article is written by Derryn Wong. The high premiums reflect market anxiety over policy changes and sustained consumer demand for mainstream vehicles.
The Business TimesIncentive FOMO and Uncertainty Drive New Category A COE Record in Singapore
On July 8, 2026, The Business Times reported that Singapore's Category A Certificate of Entitlement (COE) premiums hit a new record, driven by a 're-run of 2025 mania.' The surge is attributed to 'incentive FOMO' (fear of missing out) as buyers rush to secure vehicles before government incentives are reduced in 2027. Strong demand for mainstream cars continues to keep premiums elevated, reflecting uncertainty about future policy changes. The article, authored by Derryn Wong, highlights that awareness of the impending incentive reduction is fueling a buying frenzy, pushing COE prices to unprecedented levels. This trend mirrors a similar spike in 2025, indicating persistent market volatility and consumer anxiety over automotive costs in Singapore.
The Business TimesSingapore Cat A COE Hits Record S$129,000 as Prices Rise Across All Categories
Singapore's Certificate of Entitlement (COE) prices surged across all categories in the latest tender held on Wednesday, July 8, 2026. Category A COEs, which are for smaller, less powerful cars, rose by 4.2% to a record S$129,000. Category B COEs, used for larger, more powerful cars and electric vehicles, increased by 6% to S$130,889 from S$123,502. The price increases reflect ongoing demand pressures in Singapore's vehicle quota system. The article, published by The Business Times, highlights the continued upward trend in COE prices, which are a key cost component for car buyers in the city-state.
The Business TimesCat A COE Hits Record S$129,000 as Prices Rise Across the Board
Singapore's Certificate of Entitlement (COE) prices have surged to new highs, with Category A COEs reaching a record S$129,000. Commercial vehicle certificates also hit a high, rising 2.1% to S$95,000. The increases reflect broad upward pressure across all COE categories, driven by strong demand and limited supply. Category B COEs, used for larger and more powerful cars, also saw significant price increases. The record prices highlight ongoing challenges in Singapore's vehicle ownership market, where COE premiums have been climbing steadily.
The Business Times