COE premiums exceed $120,000 as demand beats supply

Vehicle entitlement auctions show persistent gaps between available units and bids.

Certificates of Entitlement (COE) premiums for passenger cars remained above $120,000 in the April 2026 second bidding exercise, as demand exceeded supply across all vehicle categories, according to figures from the Land Transport Authority (LTA).

Category A closed at $123,010, with 1,265 COEs available and 2,410 bids received, whilst Category B ended at $121,001, with 811 COEs and 1,194 bids.

Category E, the open category, closed at $125,002, with 241 COEs and 494 bids.

Category C, covering goods vehicles and buses, closed at $83,501, with 290 COEs and 494 bids, whilst Category D, for motorcycles, closed at $9,290, with 563 COEs and 684 bids.

Across all categories, successful bids matched available COE quotas. Unsuccessful bids totalled 1,145 in Category A, 384 in Category B, 206 in Category C, 121 in Category D, and 255 in Category E.

There were no unused COEs in Categories A and D, whilst Category B had one, and Categories C and E had two each.

LTA said quotas were based on the February to April 2026 supply tranche, with adjustments from unallocated COEs in the March 2026 exercise. Category D also included 30 unallocated COEs and no returned expired temporary COEs.

Category A applies to non-fully electric cars up to 1,600cc or 97 kilowatts, and fully electric cars up to 110 kilowatts. Category B applies to cars above those thresholds, whilst Category E covers all vehicles except motorcycles.

Prevailing Quota Premiums used for COE renewal stood at $112,324 for Category A, $114,577 for Category B, $77,884 for Category C, and $8,960 for Category D. Category E does not apply for renewal pricing, LTA said.