COE prices: Cat A premiums rise to $109,501 as most categories see drop

COE prices: Cat A premiums rise to $109,501 as most categories see drop

Latest COE prices and bidding results.

Singapore Editorial Team

Updated

Wed, December 17, 2025 at 9:02 AM UTC

2 min read

Cars and motorbikes stopped at a traffic light at night in Singapore Chinatown

SINGAPORE — Certificate of entitlement (COE) premiums saw drops in most categories following December’s first bidding exercise on Wednesday (17 Dec).

Premiums for larger and more powerful cars (Cat B) decreased, dropping 7.1 per cent from $123,900 to $115,102.

The Open category (Cat E) premium dipped by 3.3 per cent from $123,000 to $119,000.

There was also a 2.5 per cent decrease in COE premiums for motorcycles (Cat D) which went from $8,289 to $8,081.

However, smaller car (Cat A) premiums increased 3.9 per cent from $105,413 to $109,501. Premiums for commercial vehicles also saw a slight bump of 0.7 per cent to $77,003.

You can see the full results from today's bidding below:

What is COE?

The COE gives the owner the right to register and use a vehicle in Singapore for 10 years. It can be obtained through an online open auction conducted twice a month. Bidding exercises usually start at 12pm on the first and third Monday of the month, and last for three working days. Each bidding will end at 4pm on Wednesday, if there is no public holiday in between.

The vehicle quota in each category will be announced before the start of each bidding exercise.

After 10 years, when the COE expires, an owner can choose to de-register the vehicle or renew the COE.

How is the COE quota counted?

Since 1 February 2023, the number of COEs available for bidding in the corresponding vehicle category in each quarter is the rolling average of the number of vehicles deregistered over the previous four quarters.

Will the COE price drop?

COE prices, of course, can drop – it is dependent on supply and demand.

Since 2017, the Ministry of Transport has been freezing vehicle population growth for all categories except Category C for goods vehicles and buses. The current rates will be maintained until 31 January 2028.

Singapore is one of the costliest places in the world to buy a car – in fact, in 2022, the Global Wealth and Lifestyle Report 2022, released by Swiss private bank Julius Baer, found Singapore cars were the most expensive globally.

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