Latest news with #CertificateofEntitlement
AsiaOne
21-05-2025
- Entertainment
- AsiaOne
Daily roundup: Cat A COE premiums remain above $100k despite slight dip in second bidding for May 2025 — and other top stories today, Singapore News
Stay in the know with a recap of our top stories today. 1. Cat A COE premiums remain above $100k despite slight dip in second bidding for May 2025 Category A Certificate of Entitlement (COE) premiums remained above the $100,000 mark despite a slight dip in the second bidding exercise for May 2025.... » READ MORE 2. 'We apologise for the operational lapse': NUS responds to backlash over disposal of Yale-NUS books The National University of Singapore (NUS) has issued an apology on Wednesday (May 21) after it received backlash for disposing hundreds of Yale-NUS books... » READ MORE 3. Lady Gaga visits Maxwell Food Centre, signs fan's vinyl record Mother Monster is in town, and she didn't miss a chance to indulge in some local cuisine. On Tuesday (May 20), Lady Gaga was seen at Maxwell Food Centre... » READ MORE 4. New theme park to open in Japan's Okinawa this July offering scenic treks, hot air balloon rides and more Japan is one of the top travel destinations for Singaporeans — with a record of more than 690,000 travelling to the country from Singapore in 2024... » READ MORE editor@
AsiaOne
21-05-2025
- Automotive
- AsiaOne
Cat A COE premiums remain above $100k despite slight dip in second bidding for May 2025, Lifestyle News
PUBLISHED ON May 21, 2025 8:20 AM By Sherly Goh Category A Certificate of Entitlement (COE) premiums remained above the $100,000 mark despite a slight dip in the second bidding exercise for May 2025. Most categories saw prices fall in the latest round in fact, with the biggest decline coming in Cat B, where prices went down by almost $3,000. Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went down by $508 to end the bidding exercise at $102,501. Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going down by $2,902 to end at $116,988. Cat C, which are for goods vehicles and buses, saw prices went up by $599 to end the bidding exercise at $63,189. Cat D, which are reserved for motorcycles, went down by $2 to close at $8,707. Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go down by $879 to finish the exercise at $118,010. Here's a summary of the second COE bidding exercise for May 2025: Category Current COE Previous COE Difference PQP* A $102,501 $103,009 -$508 $93,718 (May) $98,328 (June) B $116,988 $119,890 -$2,902 $114,249 (May) $116,945 (June) C $63,189 $62,590 +$599 $66,428 (May) $66,109 (June) D $8,707 $8,709 -$2 $9,165 (May) $9,221 (June) E $118,010 $118,889 -$879 Not applicable *PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure. No part of this article can be reproduced without permission from AsiaOne. COECarsvehiclesMotoringGetting Around This website is best viewed using the latest versions of web browsers.
Yahoo
08-05-2025
- Automotive
- Yahoo
Singapore car ownership costs spike as CoE premiums climb past S$100,000
SINGAPORE, May 8 — Certificate of Entitlement (CoE) premiums for Category A and B cars reportedly rose in yesterday's bidding exercise. According to a report in Channel News Asia (CNA), Category A premiums increased to S$103,009, crossing S$100,000 for the first time since October. Category B premiums reportedly went up to S$119,890, while Open category premiums rose to S$118,889, the highest since January. Premiums for commercial vehicles dropped to S$62,590, and motorcycle premiums fell to S$8,709, according to the report. A total of 4,896 bids were said to be submitted for 3,094 available CoEs. According to CNA, the Land Transport Authority said the May to July quota increased by more than 6 per cent from the previous quarter and 21 per cent year-on-year. In Singapore, the Certificate of Entitlement (CoE) is a permit that allows a person to own and use a vehicle for 10 years. It was introduced to control the number of vehicles and manage traffic congestion, with prices determined through a competitive bidding process.
Business Times
07-05-2025
- Automotive
- Business Times
Category A COE premium breaks S$100,000 mark for the first time in 2025
[SINGAPORE] At the Certificate of Entitlement (COE) bidding exercise on Wednesday (May 7), the premium for the mainstream car category topped S$100,000 for the first time this year. The premium for Category A climbed 3.5 per cent or S$3,509 to S$103,009 – its highest level in 2025 so far – from S$99,500 recorded at the previous tender exercise on Apr 23. This category applies to cars with 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. This marks the fourth consecutive increase for the category, which was last at the S$103,000 level in October 2024's first round of bidding, at S$103,799. In Category B, the premium was S$119,890, 2.5 per cent or S$2,887 higher than the S$117,003 at the last bidding. Category B is for cars with engines of more than 1,600 cc in capacity or with more than 97 kW, or for EVs with more than 110 kW. Unlike Category A, Category B did not exceed the highest level for 2025 to date, which is S$121,501, set in January's first round of bidding. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The price for the open category (Category E) COE was S$118,889 – 0.8 per cent or S$888 more than the S$118,001 in the previous bidding exercise. Open category COEs can be used to register any vehicle type other than motorcycles, but are almost always used for bigger, more powerful cars. This exercise is the first of the three-month COE quota period from May to July, when the supply of COEs will increase by 6.4 per cent to 18,232 from 17,133 compared with the period from February to April. Category A has increased by 10 per cent to 7,511, while Category B will grow by 5 per cent to 4,689 pieces. The premiums for the other two categories were down. At S$62,590, the commercial vehicle (Category C) COE premium was 3.7 per cent or S$2,411 lower than the previous price of S$65,001. The motorcycle (Category D) COE premium came in at S$8,709 – down 6.4 per cent or S$600 from S$9,309. Unexpected jolt Dealers The Business Times spoke to said that they expected passenger car premiums to rise in the wake of The Car Expo, an auto show that was held from May 3 to 4 at Singapore Expo. But it may not have been just sales activity that caused an increase in Category A, but increased competition within the segment. 'I felt the crowd was thinner compared to the last iteration of the show. Looking at the bidding activity, it shows that it wasn't a glut of sales. Dealers are not rushing to clear orders,' said automotive consultant Vincent Ng Ng Choon Wee, commercial director of authorised Hyundai distributor Komoco Motors, echoed that sentiment, saying that the show crowd was 'below expectations' and bidding volumes were not out of the ordinary. Bidding activity is typically higher after major car shows, as dealers look to secure COEs to fulfil orders. This round, 2,240 bids were received for Category A, which is the highest number aside from February's second round of bidding, but bids received have consistently topped 2,100 in the rounds since April. Industry observers said that while bidding numbers did not spike, there is stronger competition for Category A COEs that shows in the willingness to bid higher – past the S$100,000 mark. That is boosted by an increasing number of electric vehicles (EVs) in the category, as EVs receive up to S$40,000 of incentives compared to other types of car. 'Everyone is coming to fight in Category A, because that is where the numbers can be made. Some dealers are willing to bid aggressively to get a healthy population for visibility,' said Edward Tan, executive director of Hong Seh Group, the authorised distributor for Seres. At least three Category A Evs have launched in Singapore since February, including the Tesla Model Y, MG S5 and GAC Aion V. At the show, Chinese brand Seres debuted a Category A version of its Seres 3 sport utility vehicle, one of the least expensive in the segment, costing less than S$150,000 with COE.
AsiaOne
07-05-2025
- AsiaOne
Daily roundup: Cat A COE premiums go past $100k in first bidding exercise for May 2025 — and other top stories today, World News
Stay in the know with a recap of our top stories today. 1. Cat A COE premiums go past $100k in first bidding exercise for May 2025 In the first Certificate of Entitlement (COE) bidding exercise for May 2025, prices saw a sharp increase across most categories, with Category A premiums surpassing the $100,000 mark... » READ MORE 2. 'Two giants of public service': PM Wong thanks Teo Chee Hean and Heng Swee Keat as they retire from politics Prime Minister Lawrence Wong expressed his gratitude to Senior Minister Teo Chee Hean and Deputy Prime Minister Heng Swee Keat for their contributions to Singapore as they retire from politics after the recent general election... » READ MORE 3. Foreigner behind MRT station molestation caught 7 years later when he re-entered S'pore Seven years ago, a foreigner molested a woman at Serangoon MRT station and left Singapore without being apprehended. But Zhang Yang, 34, was arrested upon re-entering the Republic in March... » READ MORE 4. Anti-corruption witness in Malaysia missing for one month after allegedly being taken away by 'police officers' A woman travelling to the Malaysian Anti-Corruption Commission (MACC) on April 9 texted her lawyer that she would arrive at the agency's headquarters soon but became uncontactable minutes later. Pamela Ling Yueh, who had been required to present herself at MACC to assist in a money laundering investigation, never showed up... » READ MORE editor@
