Prices saw a significant increase across all categories in the second Certificate of Entitlement (COE) bidding exercise for March 2025, following a similar trend observed in the first bidding exercise earlier this month.
Prices saw a significant increase across all categories in the second Certificate of Entitlement bidding exercise for March 2025, following a similar trend observed in the first bidding exercise earlier this month.
Cat A COEs, which are used for cars with internal combustion engines of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went up by $1,772 to end the bidding exercise at $94,502. Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going up by $3,890 to end at $116,890.
Cat C, which are for goods vehicles and buses, saw prices went up by $3,088 to end the bidding exercise at $70,089.Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $4,090 to finish the exercise at $116,991.*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cat A COE premiums rise sharply in second bidding exercise for February 2025Category A Certificate of Entitlement (COE) premiums saw a sharp rise in the second bidding exercise for February 2025, reversing the downward trend that was seen in the past three exercises. Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as...
Read more »
COE Premiums Surge in Singapore's February 2025 Bidding ExerciseSingapore's Certificate of Entitlement (COE) premiums experienced a significant rise in the second bidding exercise for February 2025, breaking a three-month downward trend. Category A COEs saw a notable increase, while Category B COEs saw a decrease. Categories C and E also saw price increases.
Read more »
COE Premiums Surge in February 2025 Bidding ExerciseCategory A COE premiums saw a sharp increase in the second bidding exercise for February 2025, reversing the previous downward trend. While Cat B COEs saw a decrease, Cat C and E COEs saw increases in their premiums.
Read more »
Committee of Supply 2025 debate, Day 4: Lim Biow Chuan on costs of COEThe rising cost of Certificates of Entitlement (COEs) has been a source of great unhappiness for many young couples aspiring to buy a car. Many Singaporeans feel that the high COE cost was due to excessive demand from the bidders of private-hire cars.
Read more »
PM Lawrence Wong to deliver Budget 2025 at 3.30pmPrime Minister Lawrence Wong will deliver the Budget 2025 speech on Tuesday (Feb 18) at 3.30pm. Wong, who is also the Minister for Finance, will be addressing the nation in Parliament. It will be his first time delivering the Budget statement as Prime Minister. Members of the public can watch the livestream on AsiaOne's Budget 2025 microsite.
Read more »
More CDC vouchers, $500 Edusave top-up: What you should know about Budget 2025Singaporeans will get a mix of vouchers, rebates and credits to help them cope with the rising cost of living.
Read more »