The price of a Category A certificate of entitlement (COE) in Singapore increased by 1.4% to $126,009 on June 4, 2026. Meanwhile, the Category B COE price dipped 1.9% to $126,989, narrowing the premium gap between the two categories to $980, according to official tender results [1, 2, 3].
At the previous tender held on May 20, Category A COE was priced at $124,229, while Category B stood at $129,501. The Open category (Category E) COE premium fell 0.8% from $130,000 to $129,000 at the latest tender, and the Category D motorcycle COE price rose 3.2% to $10,000. Commercial vehicle COEs (Category C) increased to a record high of $94,000, surpassing the previous peak of $92,223 [1, 2, 3].
Volvo’s managing director Corinne Chua linked the price surge in Category A to high unsuccessful bids following the recent Car Expo. She said, "For Category A, however, the number of unsuccessful bids remains high after the Car Expo. This has pushed premiums up, leading to a renewed convergence in prices between Categories A and B." She added that some demand for Category B cars shifted to the Open category, easing prices for Category B vehicles [3].
The Land Transport Authority advised buyers and dealers to "be prudent in bidding for COEs" amid these fluctuations [3]. Motor traders often secure Open category COEs to maintain registration flexibility without waiting for the next tender [1, 2, 3].
Sustained demand contributed to the high COE prices, including interest generated by the recent Car Expo. Registrations of electric heavy goods vehicles and electric buses have also increased since January, likely due to the Heavy Vehicle Zero Emissions Scheme, which offers a $40,000 cash grant to encourage adoption [3].
The next tender results are scheduled for mid-June, following a three-week break in bidding after the latest exercise, which industry observers expect may affect upcoming prices [3].
