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.
The rise comes off the back of the Car Expo event last weekend, which likely saw a flurry of orders for new cars from brands offering attractive deals during the show.
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 up by $3,509 to end the bidding exercise at $103,009.
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 up by $2,887 to end at $119,890.
Cat C, which are for goods vehicles and buses, saw prices went down by $2,411 to end the bidding exercise at $62,590.
Cat D, which are reserved for motorcycles, went down by $600 to close at $8,709.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $888 to finish the exercise at $118,889.
Here's a summary of the first COE bidding exercise for May 2025:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $103,009 | $99,500 | +$3,509 | $93,718 (May) |
| B | $119,890 | $117,003 | +$2,887 | $114,249 (May) |
| C | $62,590 | $65,001 | -$2,411 | $66,428 (May) |
| D | $8,709 | $9,309 | -$600 | $9,165 (May) |
| E | $118,889 | $118,001 | +$888 | 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.
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