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COE premiums climb across the board in March 2025’s second bidding round
The second Certificate of Entitlement (COE) Open Bidding Exercise for March 2025 concluded on 19 March 2025 at 16:00, witnessing a rise in premiums across all vehicle categories. The upward trend signals continued strong demand in Singapore’s vehicle market.
March 2025 Second Open COE Bidding Results
| Category | Previous COE ($) | New COE ($) | Difference ($) | |
|---|---|---|---|---|
| A | (Cars up to 1,600cc & below 97kW) | 92,730 | 94,502 | +1,772 |
| B | (Cars above 1,600cc & above 97kW) | 113,000 | 116,890 | +3,890 |
| C | Goods Vehicle & Bus | 67,001 | 70,089 | +3,088 |
| D | Motorcycle | 9,201 | 9,511 | +310 |
| E | Open – All Except Motorcycle | 112,901 | 116,991 | +4,090 |
Analysis of COE Trends
The latest increase in COE prices suggests continued demand pressure in the market. Category B and Category E, typically associated with larger and luxury vehicles, saw the most significant hikes, with premiums rising by $3,890 and $4,090 respectively. The Open Category (Category E), which can be used for any vehicle type except motorcycles, continues to be closely linked to luxury and high-performance vehicle segments.
Meanwhile, Category C, which covers commercial vehicles such as goods vehicles and buses, recorded an increase of $3,088. This rise may indicate stronger demand from businesses seeking to expand or renew their fleets.
Breakdown of COE Categories
Category A: Covers non-fully electric cars with engines up to 1,600cc and a power output of up to 97kW (130bhp), along with fully electric cars up to 110kW (147bhp).
Category B: Includes non-fully electric cars exceeding 1,600cc or producing more than 97kW (130bhp), as well as fully electric cars exceeding 110kW (147bhp).
Looking Ahead
With COE premiums remaining elevated, prospective vehicle buyers must carefully plan their purchases.
For further insights into COE price trends and historical bidding data, visit the Land Transport Authority (LTA) website.
More details about the COE bidding process can be found on the One Motoring COE page.
As the vehicle ownership landscape in Singapore evolves, COE bidders must stay informed of market dynamics and policy changes that could impact future bidding exercises.
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