Singapore COE Results: Category A Premiums Rise
Singapore's latest Certificate of Entitlement (COE) bidding exercise saw mixed results, with Category A premiums rising to their second-highest level on record.
Quick facts
- Category A COE premiums rose 1.54% to S$132,004.
- Category B COE premiums increased 1.38% to S$131,901.
- Category C premiums for commercial vehicles rose 0.34% to S$92,200.
Why it matters
The current trend highlights the volatility in Singapore's vehicle quota system. The inversion of Category A and B prices is a notable market event that often triggers public discussion regarding the affordability of car ownership in Singapore. The LTA's warning regarding an upcoming exhibition suggests that short-term market sentiment is currently driving price fluctuations.
Singapore's Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday, October 21, 2026. As of this date, Category A premiums for smaller cars rose to S$132,004, marking the second-highest figure recorded for the category to date.
Why it is trending now
The latest bidding exercise is trending due to the unusual shift where Category A premiums have surpassed those of Category B. According to CNA, Category A premiums increased by 1.54 per cent from the previous S$130,001, while Category B premiums for larger, more powerful cars rose by 1.38 per cent to S$131,901. This places the cost for smaller cars S$103 higher than that of larger vehicles.
Key facts
- Category A premiums reached S$132,004, according to CNA.
- Category B premiums closed at S$131,901, as reported by Mothership.
- Commercial vehicle (Category C) premiums rose to S$92,200, according to CNA.
- The Land Transport Authority (LTA) stated that an upcoming car exhibition may be contributing to elevated demand and pricing, as noted by Mothership.
- The Open category premium fell by S$1,210 to S$135,790, according to Mothership.
Why this is trending in Singapore
The trend is significant for Singaporean motorists and prospective car buyers due to the financial impact of rising COE prices. The Land Transport Authority has urged both dealers and buyers to exercise prudence during this period of high demand.
Background and context
COE premiums in Singapore fluctuate based on supply and demand in each bidding exercise. Category A premiums previously closed above Category B in February, April, and June of this year. The current Category A price remains S$1,005 below the record high of S$133,009 set on September 9, 2026.
What happens next
The Land Transport Authority has advised market participants to remain cautious as the upcoming car exhibition could keep demand elevated. Potential changes to the COE system, including a proposed merger of Category A and B with a rebate or surcharge based on vehicle value, are currently open for public feedback until November 2, 2026.
Frequently asked questions
What are the latest COE results for Category A?
In the bidding exercise that closed on October 21, 2026, Category A COE premiums rose by 1.54 per cent to reach S$132,004.
Why are COE prices rising?
The Land Transport Authority has indicated that an upcoming car exhibition may be leading to elevated demand, which in turn influences the bidding prices for COEs.
Is Category A now more expensive than Category B?
Yes, in the latest exercise, Category A premiums closed at S$132,004, which is S$103 higher than the Category B premium of S$131,901.
What is the status of the proposed COE system changes?
The Land Transport Authority has proposed a potential merger of Category A and B with a value-based rebate or surcharge. Public feedback on this proposal is being accepted until November 2, 2026.
Did all COE categories increase in price?
No, the results were mixed. While Category A, B, and C saw increases, the motorcycle (Category D) and Open category premiums experienced a decline in this exercise.
In this story
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