COE price rises to record high of $119,003 in Cat A
Singapore – Authorization Certificate (COE) Premiums Following the tender exercise on Wednesday, September 17, it was closed to a new height in category A. Cat A – for cars up to 1.600cc and 130bhp and electric vehicles up to 110kW – the last tender (3 September) increased by 10.3 percent of the $ 107.889 sign.
Premiums for Category B – for cars over 1.600cc or 130BHP and electric vehicles over 110kW – closed at $ 136.890, an increase of 7.4 percent without the latest exercise.
The open category (Cat E) settled in $ 140.502 and increased by 9.9 percent from the previously recorded $ 127,901.
Tender on Wednesday, Electric vehicle purchase discounts will decrease from 2026.
Corinne Chua, General Manager of Volvo Car Singapore, Driver“Considering that there was an increasing demand due to the announcements of EEAI and Ves changes, I was expecting A Cat A to go up, but I certainly didn’t expect Cat a to rise too much.”
For September 17, you can see all of the following COE prices:
|
COE Categories |
September 17 |
September 3 |
|
A: Car ≤ 1600cc and 130bhp or 110kw |
$ 119,003 |
$ 107.889 |
|
B: Car> 1600cc and 130bhp or 110kw |
$ 136.890 |
$ 127.501 |
|
A: Commercial Vehicles |
$ 72.501 |
$ 71.556 |
|
D: motorcycles |
$ 9,209 |
$ 9,101 |
|
E: Open |
$ 140.502 |
$ 127.901 |
What is Coe?
. COE gives its owner the right to save and use a vehicle in Singapore for 10 years. Online can be obtained by an open auction twice a month. The proposal exercises usually start at 12:00 on the first and third Monday of the month and take three working days. If there is no official holiday between them, each offer will end on Wednesday at 16:00.
The vehicle quota in each category will be announced before the start of each bid exercise.
After 10 years, when Coe ends, he can choose to detect a vehicle or to renew Coe.
How to count Coe quota?
Since February 1, 2023, the number of COs that can be bid in the vehicle category corresponding in each quarter is the average of rolling of the number of vehicles released in the previous four quarters.
Will the Coe price fall?
Coe prices, of course, may fall – depends on supply and demand.
Ministry of Transport since 2017 freezing vehicle population growth For all categories except Category C for goods and buses. The existing rates will be continued until 31 January 2028.
Singapore is one of the most expensive places in the world to buy a car – in fact in 2022, the Global Servet and Lifestyle Report published by Swiss Private Bank Julius Baer 2022 Singapore cars were the most globally expensive ones.
