COE
Are condo and car ownership getting harder for Singapore’s upper middle class?
Suburban condo and car COE premium price rises outpace income growth of 80th percentile households
Large-car COE premium down almost 5% at S$123,900; most categories dip
Mainstream-car category declines 3.3%, and motorcycles by 5%
Large car COE premium spikes 13% as mainstream car category cools
Buyers choose large cars due to narrowed gap between Category A and B premiums in previous round, say industry observers
COE premiums tumble as car sales ‘near standstill’; mainstream car category dips 10%, large cars down 13%
Category B leads the fall, with a decline of S$16,888 to S$115,001
Nearly half of Cat A COEs go to EVs, which account for 43% of new sales so far in 2025
By comparison, they account for 33.8% of new car sales in the whole of 2024, and 18.2% in 2023
BYD, the top-selling car brand in Singapore, widens lead over Toyota
The Chinese electric car brand is the only Chinese brand in the top 10
COE quota up 1.5% at 18,984 for November to January 2026 period
Bidding under the new quota will begin on Nov 3
Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations
The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point
Cat A COE eases to S$122,000, ending streak of record highs
Most of the other categories also dip in October’s second bidding exercise
Mainstream car COE premium blitzes to new S$128,105 record as EVs continue to jolt demand
Intense competition, popular electric vehicle models and a three-week break contribute to a 7.6% jump in the Category A premium
