Singapore’s Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday, June 4, with Category A rising to its highest level in nearly eight months. Category A premiums for cars up to 1,600cc and 130bhp climbed 1.43 per cent to S$126,009 from S$124,229 in the previous round. It was the first time this category had moved above S$126,000 since October 2025, when it reached a record S$128,105.
Premiums for Category B, which covers larger and more powerful cars, eased 1.94 per cent to S$126,989 from S$129,501. That reduced the gap between Category A and Category B to just S$980, the narrowest margin in the latest exercise. The movement suggests that prices for the two car categories remain closely aligned even as demand shifts between them.
COE premiums for commercial vehicles, including goods vehicles and buses, also rose. Category C increased 1.93 per cent to S$94,000 from S$92,223 in the previous tender. Motorcycle premiums recorded the sharpest percentage gain of the round, rising 3.21 per cent to S$10,000 from S$9,689.
In contrast, open category COEs fell 0.77 per cent to S$129,000 from S$130,000. These certificates can be used for any vehicle type, though they are typically applied to larger cars. The slight decline in the open category came even as demand remained firm across the broader market.
A total of 4,920 bids were submitted in the latest exercise, competing for 3,215 COEs available under the quota. The higher number of bids than available certificates continued to keep premiums elevated across several categories.
COE prices are closely watched in Singapore because they form a major part of the cost of vehicle ownership. The latest results show that while some categories cooled slightly, overall premiums remained high, with Category A now approaching levels last seen during the late-2025 price surge. Category B’s decline, meanwhile, did little to widen the spread between mass-market and larger car permits.
The mixed outcome reflects ongoing competition for limited vehicle supply, with buyers in different segments adjusting their bids as prices move. For motorists and dealers, the latest tender again highlighted how tightly balanced the market remains, especially for popular car categories.
