Browsing Tag

COE

28 posts

Certificate of Entitlement prices mostly unchanged in latest tender exercise

COE prices mostly held steady in the latest tender exercise, with minor decreases for small cars and EVs, and a slight increase for the open category. Motorcycle COEs saw the largest shift, with a 4.07% hike.

COE distribution reflects higher car ownership proportion among non-HDB residents in Singapore

The Singapore Transport Minister’s reply regarding the percentage of Certificates of Entitlements (COEs) going to HDB flat owners revealed that non-HDB residents, who account for 20% of the population, hold 40% of the COEs, indicating higher car ownership rates among them.

Minor upswing for Cat A vehicles amid general downturn in COE prices

Certificate of Entitlement (COE) prices showed a predominantly downward trend in the recent tender, except for Category A – smaller, less powerful cars and electric vehicles (EVs) – which saw a slight increase of 0.83%

COE Premiums for Cat B vehicles in Singapore reach record high of S$120,702

Certificate of Entitlement (COE) premiums for Category B hit an all-time high of S$121,000 (~US$90,000), while smaller car and motorcycle categories saw slight declines.

COE premiums show mixed results in first bidding exercise following quota increase

In the first bidding exercise following the increased quota for cars in…

Civil servant’s dream of owning car shattered; Iswaran says high COE prices due to rising household incomes

The escalating prices of the Certificate of Entitlement (COE) in Singapore have dashed the ownership dreams of many middle-class citizens. With costs surpassing $100,000 for a small car, aspiring owners are finding car ownership increasingly impossible. This, coupled with the challenges of climbing the property ladder, has left the new generation of Singaporeans questioning their priorities and rethinking their aspirations.

COE price hikes not due to foreigners, says Transport Minister

Singapore’s Transport Minister, S Iswaran, has clarified that rising Certificate of Entitlement (COE) prices are not driven by foreign demand, as less than 3% of car COEs are secured by foreigners. The long-term trajectory of COE prices is expected to trend upwards due to increasing household incomes and a policy of zero growth in the car population.

LTA introduces one-time adjustment to COE quotas for categories A and B in response to record high premium

The Land Transport Authority (LTA) has announced a one-time adjustment to reduce supply volatility of Certificate of Entitlement (COE) quotas for Categories A and B vehicles. Category A will see a 24% increase, while Category B will see a 15% increase for the remaining five bidding exercises this quarter. This move aims to lessen supply volatility, though it will not eliminate it. The long-term upward trend of COE prices due to rising incomes and zero vehicle population growth will persist.

Singapore needs to move away from its broken system of COE

In this opinion piece by Robin Low, he argues that motorcycle dealerships in Singapore have been exploiting the Certificate of Entitlement (COE) system, causing hardship for lower-income families and delivery businesses. He points out the flaws in the COE and Temporary COE (tCOE) systems and calls for a reevaluation of the approach, particularly regarding electric motorcycles, in order to create a more equitable and sustainable future.

COE premiums decrease for most vehicle categories amid new quota and measures

Certificate of Entitlement (COE) premiums for most vehicle categories experienced a decline in the latest bidding exercise on 4 May, under the new quota for the May-July quarter. Notably, motorcycle premiums saw a significant drop, while new measures were introduced, such as a higher bid deposit and a shorter validity period for temporary COEs