Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on 9 April, suggesting car prices in Singapore will likely remain elevated in the coming weeks.

COE Premium Increases Across Most Categories

For Category A COEs, which are used to register smaller cars with engine capacity of 1,600cc and below with horsepower not exceeding 130bhp including electric vehicles (EVs), premiums rose to $97,724. This marks a 3.4 per cent increase from the previous tender’s $94,502 on 19 March.