Cat B and E COE premiums see steep increase ahead of Singapore Motorshow in first bidding for January 2025
Summary of COE Bidding Results – January 2025 (First Exercise)The first Certificate of Entitlement (COE) bidding exercise for January 2025 saw notable price changes across the categories, with sharp increases in Categories B and E, ahead of the Singapore Motorshow opening on January 9.
COE Results by CategoryCategory A (Mainstream Cars)
Covers internal combustion engine (ICE) cars up to 1,600cc or 130hp, and electric cars up to 110kW.Premium: $93,699Change: -S$2,301 (2.4% decrease)Category B (Larger and More Powerful Cars)
Includes ICE cars exceeding 1,600cc or 130hp, and electric cars over 110kW.Premium: $121,501Change: +S$12,501 (11.5% increase)Category C (Goods Vehicles and Buses)
Premium: $67,891Change: -S$1,999 (2.9% decrease)Category D (Motorcycles)
Premium: $9,001Change: +S$620 (7.4% increase)Category E (Open Category)
Open to all vehicles except motorcycles, typically used for high-end cars in Category B.Premium: $123,000Change: +S$14,008 (12.9% increase)Key ObservationsSignificant Increases: Categories B and E saw the largest price jumps, likely due to high demand from fleet operators and the upcoming Singapore Motorshow, which traditionally boosts demand for COEs.Category A Relief: The decrease in Category A premiums offers a positive outlook for mainstream car buyers.Motorcycle and Goods Vehicles: Category D saw a modest rise, while Category C experienced a slight dip.As the Singapore Motorshow drives further activity, the next COE bidding exercise is anticipated to see continued dynamic shifts across all categories. Rent and Lease a car for car rental is just a better option for now
COE Results by CategoryCategory A (Mainstream Cars)
Covers internal combustion engine (ICE) cars up to 1,600cc or 130hp, and electric cars up to 110kW.Premium: $93,699Change: -S$2,301 (2.4% decrease)Category B (Larger and More Powerful Cars)
Includes ICE cars exceeding 1,600cc or 130hp, and electric cars over 110kW.Premium: $121,501Change: +S$12,501 (11.5% increase)Category C (Goods Vehicles and Buses)
Premium: $67,891Change: -S$1,999 (2.9% decrease)Category D (Motorcycles)
Premium: $9,001Change: +S$620 (7.4% increase)Category E (Open Category)
Open to all vehicles except motorcycles, typically used for high-end cars in Category B.Premium: $123,000Change: +S$14,008 (12.9% increase)Key ObservationsSignificant Increases: Categories B and E saw the largest price jumps, likely due to high demand from fleet operators and the upcoming Singapore Motorshow, which traditionally boosts demand for COEs.Category A Relief: The decrease in Category A premiums offers a positive outlook for mainstream car buyers.Motorcycle and Goods Vehicles: Category D saw a modest rise, while Category C experienced a slight dip.As the Singapore Motorshow drives further activity, the next COE bidding exercise is anticipated to see continued dynamic shifts across all categories. Rent and Lease a car for car rental is just a better option for now