COE

COE Prices in Singapore: What You Need to Know

Find out the latest updates on COE prices in Singapore! Big car premiums, Cat A, Cat B, Cat C, and Cat D COE prices revealed in the latest bidding exercise.

COE prices in Singapore remained largely flat in the latest bidding exercise, with premiums fluctuating minimally. The demand for COEs for big cars has kept premiums above S$100,000, indicating a strong market preference for larger vehicles.

In the July 2024 COE results for the first bidding exercise, Cat A closed at $91,001, Cat B closed at $100,901, Cat C closed at $70,001, and Cat D closed at $8,900. Category B prices experienced a decrease of $1,400 in the latest round of COE bidding, reflecting changes in demand and market trends.

Specifically, Cat A COEs, designed for cars with internal combustion engines (ICEs) up to 1,600cc in capacity and power output below 130hp, saw variations in their premiums. The premium for larger cars, exemplified by Cat B, decreased by 1.4% to $100,901, offering potential savings for buyers in this category.

Overall, the COE prices on July 3rd ended with a mix of premiums, signaling fluctuations in the market. The dip in premium for larger cars following a previous rebound showcases the dynamic nature of COE pricing in Singapore's automotive industry.