Singapore COE prices hit record high of $119,003 for Category A

Singapore's Certificate of Entitlement (COE) prices have reached new record levels across all vehicle categories. Category A permits for smaller cars increased to $119,003, representing a 10.3% rise from the previous tender. Category B for larger vehicles rose to $136,890, while the open category reached $140,502.

The COE system requires vehicle owners to obtain permits through bimonthly online auctions, granting them the right to register and use vehicles for 10 years. Since February 2023, the quota system has been based on a rolling average of vehicle deregistrations. Recent price increases follow announcements about reduced electric vehicle incentives from 2026.

Singapore maintains strict vehicle population control until January 2028, making it one of the world's most expensive places to own a car.