Overview
- Category A hit a record S$129,000 and Category B rose to S$130,889 while the Open Category (E) moved to S$129,801, commercial Category C set a new high at S$95,000, and motorcycle Category D reached S$10,201.
- A COE is a quota licence needed to register most vehicles for 10 years and each category covers different vehicle types, with Category A for smaller cars and EVs and Category E usable for most vehicle types and often bought by traders for flexibility.
- Higher COE premiums translate directly into bigger upfront costs for motorists because sellers factor the certificate price into vehicle prices and financing.
- The Land Transport Authority noted the latest exercise had more bids than available certificates and urged buyers and dealers to be prudent when bidding, citing strong demand after the gap since the last exercise.
- The July results extend a pattern of elevated COE demand through 2026 and could prompt more dealers to lock in transferable Open certificates, slow some private purchases, and keep pressure on vehicle prices in coming months.