Commercial vehicle COE premium up 5.4% at new record of S$92,223
For May’s second round of bidding, the mainstream car category is the only premium to dip, by 0.4% to S$124,229
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[SINGAPORE] The Certificate of Entitlement (COE) premium for commercial vehicles set a new record as most categories rose in May’s second round of bidding that ended on Wednesday (May 20).
The price for Category C, applicable to commercial vehicles and buses, increased 5.4 per cent to S$92,223, exceeding the previous record of S$91,101 set in March 2023.
The category has been on an upward trend in 2026, with the latest premium hike its seventh consecutive increase since February’s first round of bidding at S$74,801.
Industry observers ascribed the rise to an increased demand for commercial vehicles, especially electric heavy vehicles (EHVs). This has been driven by the introduction of incentives for EHVs that began this year.
Mainstream cars were the only category to post a decrease. The premium for Category A was down 0.4 per cent or S$561 to S$124,229, marking the segment’s first decrease since February’s first round of bidding.
Category A applies to cars that have engines of up to 1,600 cubic centimetres (cc) in capacity or with up to 97 kilowatts (kW) of power, or for electric vehicles (EVs) with up to 110 kW of power.
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The Category B premium was up 2.6 per cent or S$3,625 at S$129,501.
Category B is for larger, more powerful cars with engines of more than 1,600 cc in capacity or that have more than 97 kW, or for EVs with more than 110 kW.
The motorcycle category, D, posted an increase of 2.5 per cent or S$247 to S$9,689.
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Category E, the open category which can be used to register any type of motor vehicle except for motorcycles, was up 1.8 per cent or S$2,300 at S$130,000.
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