Singapore Sees Drop in COE Premiums Following Record Highs in Early September
After record highs in early September, Singapore's Certificate of Entitlement (COE) premiums fell across all categories in the latest bidding exercise held on September 23, 2026, signaling a potential shift in the vehicle market.
In the latest Certificate of Entitlement (COE) bidding exercise conducted on September 23, 2026, Singapore witnessed a decline in COE premiums across all categories, marking a reversal from record highs seen earlier this month. Category A premiums, which apply to smaller and less powerful cars, dropped by 0.8 percent to S$131,890, down from the previous record of S$133,009 set during the September 9 bidding exercise. [1][3]
Category B, which covers larger and more powerful vehicles, similarly experienced a decline, with premiums falling 1.5 percent to S$133,000. Other categories such as motorcycles (Category D) and commercial vehicles (Category C) also saw reductions in their COE premiums, reflecting a broader market easing after the peak levels recorded just weeks prior. [2][3]
The total number of bids submitted during this recent exercise was 4,210, against a quota of 3,229 COEs available, indicating ongoing strong demand but perhaps a moderation compared to previous sessions. The lowered premiums might suggest a cooling in buyer competition or adjustments in market sentiment following the steep premiums earlier in the month. [2]
The Land Transport Authority (LTA) has advised prospective COE buyers and vehicle dealers to exercise caution due to the premium volatility seen in recent months. The sharp fluctuations in COE prices underscore the uncertainties currently impacting the vehicle ownership landscape in Singapore, and market participants are being urged to assess bidding strategies carefully. [1]