Singapore’s certificate of entitlement (COE) for small cars reaches a record high in the latest bidding exercise, according to reports. The right to own a Category A small vehicle climbs to S$129,000 (about US$99,700), a new peak. The South China Morning Post reports the Category A COE rises 4.2% from the previous round held on June 17. Premiums for larger and more powerful cars in Category B also increase, rising 6% to S$130,889. The higher prices are occurring alongside policy changes affecting electric vehicles, with analysts cited by the South China Morning Post saying COE premiums could continue to rise as rebates for electric vehicles come to an end. The Diplomat similarly notes that the latest round sees the small-vehicle COE price move to nearly US$100,000. Across both sources, the central development is the sharply higher COE price for small cars in Singapore’s quota-based system, which determines access to car ownership.
Singapore small-car COE hits record near $100,000 as premiums rise
Singapore’s certificate of entitlement (COE) for small cars reaches a record high in the latest bidding exercise, according to reports. The right to own a Category A small vehicle climbs to S$129,000...
- Singapore’s Category A COE for small cars reaches a record S$129,000 (about US$99,700).
- The Category A premium rises 4.2% from the prior bidding round on June 17.
- Category B COEs for larger cars also increase, reaching S$130,889 (up 6%).
- Analysts say COE premiums may rise further as electric-vehicle rebates are set to end.
The right to own a small car in Singapore climbed to a record high of S$129,000 ($99,700), with analysts saying premiums could rise further as rebates for electric vehicles come to an end. The price of a Category A certificate of entitlement (COE) meant for smaller cars and EVs advanced by 4.2 per cent in Wednesday’s bidding exercise from the previous round on June 17. Premiums for larger and more powerful cars in Category B jumped 6 per cent to S$130,889. The surge in premiums comes ahead of...
6 hours agoThe price of a "certificate for entitlement" for a small vehicle rose to nearly $100,000 in the latest round of bidding.
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