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April 2025 Second COE Bidding Exercise
Update: COE bidding for May 2025’s first exercise ends with mixed outcomes across all categories
Singapore’s second Certificate of Entitlement (COE) bidding exercise for April 2025 closed at 4:00 PM on 23 April, revealing a mixed bag of outcomes across vehicle categories. The fluctuations reflect ongoing market sentiments and shifts in vehicle ownership trends.
Breakdown of Latest COE Results
Here’s how the numbers changed compared to the previous bidding round:
| Category | Previous COE ($) | New COE ($) | Difference ($) | |
|---|---|---|---|---|
| A | (Cars ≤ 1,600cc & ≤ 97kW) | 97,724 | 99,500 | +1,776 |
| B | (Cars > 1,600cc or > 97kW) | 117,899 | 117,003 | -896 |
| C | Goods Vehicles & Buses | 68,782 | 65,001 | -3,781 |
| D | Motorcycles | 9,889 | 9,309 | -580 |
| E | Open Category (Excl. Motorcycles) | 117,002 | 118,001 | +999 |
Category A, for smaller cars, saw a slight increase of $1,776, bringing the premium to $99,500. Meanwhile, Category B, for larger cars and higher-powered electric vehicles, dipped by $896 to $117,003.
The most significant drop was in Category C, which covers commercial vehicles and buses, falling by $3,781 to $65,001. Motorcycle COEs (Category D) also declined slightly, while the Open Category (Category E), which can be used for any vehicle type except motorcycles, edged up by $999.
Understanding COE Categories
To better interpret these results, it’s essential to know what each category entails:
- Category A: Passenger cars with engine capacities ≤ 1,600cc and outputs ≤ 97kW (130bhp); includes electric vehicles up to 110kW.
- Category B: Higher-capacity cars and electric vehicles exceeding 110kW (147bhp).
- Category C: Goods vehicles and buses.
- Category D: Motorcycles.
- Category E: Open category, applicable to any vehicle except motorcycles and typically used to secure popular categories.
Buyers can track bidding schedules, policy updates, and historical trends via the official platforms: the Land Transport Authority and the One Motoring COE Portal.
The COE mechanism remains a cornerstone in vehicle population management, and its fluctuations are key indicators of underlying economic and social currents.
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