The Certificate of Entitlement (COE) premium for Category A cars, covering vehicles 1,600cc and below with horsepower not exceeding 130bhp, dropped to S$126,000 in the July 22 bidding exercise from a record S$129,000 set on July 8 [1, 2, 3, 4, 5]. Category B premiums, for larger and more powerful cars, also fell slightly to S$129,890 from S$130,889 over the same period [1, 2, 3, 4, 5].
Commercial vehicle COE premiums decreased to S$93,889 from S$95,000, while motorcycle premiums edged up marginally to S$10,202 from S$10,201 [1, 2, 3, 4, 5]. The open category (Category E), which can be used for most vehicle types except motorcycles, saw premiums rise slightly to S$129,971 from S$129,801 [1, 2, 3, 4, 5].
A total of 4,455 bids were received for the available quota of 3,242 COEs in the latest exercise, indicating continued strong competition despite the slight price easing [1]. Between May and July 2026, the overall COE quota was set at 19,052 certificates, about 1.2% higher than the 18,824 available from February to April [3]. The number of Category A COEs in the quota fell slightly to 7,434 from 7,585 previously [3].
Adjunct professor Zafar Momin from the National University of Singapore’s Business School described the modest price corrections as "merely a temporary cooling" from previously very high premiums [3]. Corinne Chua, managing director at Wearnes Automotive, attributed the Category A price drop to cooling demand and said, "I expect prices to stabilize around this level, assuming that the quota does not diverge greatly from current figures" [3].
COEs remain mandatory for owning and using vehicles in Singapore, making these premiums critical for prospective buyers [1, 2, 3, 4, 5]. The next COE bidding exercise is expected to reveal whether prices will hold steady or shift further.
