Buckle up, car enthusiasts, because the latest COE results in Singapore are in, and they're a rollercoaster! After a series of drops, the price of a Certificate of Entitlement (COE) for smaller cars (Category A) has surprisingly surged by 3.9%, reaching $109,501. This marks a shift from the previous four rounds of declines, a period that followed the record high of $128,105 in October.
But here's where it gets interesting... The COE for larger cars (Category B) saw a dip of 7.1%, now at $115,102. This contrast highlights the dynamic nature of the market, where demand and supply dance a delicate tango.
For those new to the scene, a COE is essentially a permit required to register a vehicle in Singapore. The government conducts two tender exercises each month, setting the prices.
Industry experts had predicted a general decrease, citing the usual year-end slowdown in showrooms due to travel. However, some dealers were pushing hard to meet their sales targets with aggressive promotions.
Meanwhile, the Open category (Category E), which can be used for any vehicle type except motorcycles, saw a 3.3% decrease, settling at $119,000. This is the lowest price since July, when it was $118,500. These certificates offer flexibility to motor dealers, allowing them to register cars without waiting for the next tender.
Commercial vehicle COEs (Category C) saw a slight increase of 0.7%, reaching $77,003. Motorcycle COEs experienced a 2.5% decrease, ending at $8,081.
The big question: What does this mean for the future of car ownership in Singapore? The next COE tender exercise closes on January 7, 2026. Will the trends continue, or will we see another twist in this fascinating market? What are your thoughts on these price fluctuations? Share your opinions in the comments below!
