COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
All premiums rise in May’s first round of bidding as the mainstream category continues climbing for the sixth consecutive round
[SINGAPORE] The large car and commercial vehicle categories were the major gainers in May’s first round of Certificate of Entitlement (COE) bidding on Wednesday (May 6), as the mainstream car category sustained its high level.
Category B was up 4.3 per cent or S$5,235 to S$126,236.
It applies to larger, more powerful cars that have engines of more than 1,600 cubic centimetres (cc) in capacity or with more than 97 kilowatts (kW) of power, or for electric vehicles (EVs) with more than 110 kW of power.
The gain was enough to reverse the previous round’s premiums, where the mainstream category outstripped the large car category in an inversion of typical results.
Category A, for mainstream cars, gained 1.4 per cent or S$1,780 to S$124,790.
The Category A COE applies to mainstream cars that have engines of up to 1,600 cc in capacity or with up to 97 kW of power, or for EVs with up to 110 kW of power.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
This marks the sixth consecutive increase for the category since February’s first round of bidding, edging it closer to its all-time high of S$128,105.
Demand for Category A certificates has been driven by strong interest in mainstream EVs, especially those from China.
Category C gained 4.8 per cent or S$3,978 to S$87,479. It has followed a similar trajectory to Category A in 2026, steadily rising since February’s first round of bidding.
SEE ALSO
The premium for Category D, used for motorcycles, increased 1.7 per cent or S$162 to S$9,452.
Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, was up 2.2 per cent or S$2,698 to S$127,700.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’