In the first Certificate of Entitlement (COE) bidding exercise for August 2025, prices went up across most categories for the fourth consecutive time since June.

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 $907 to end the bidding exercise at $102,009.

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 $4,397 to end at $123,498.

Cat C, which are for goods vehicles and buses, saw prices went up by $1,401 to end the bidding exercise at $70,001.

Cat D, which are reserved for motorcycles, went down by $322 to close at $9,189.

Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go up by $2,334 to finish the exercise at $122,334.

Here's a summary of the first COE bidding exercise for August 2025:

Category Current COE Previous COE Difference PQP*

A $102,009 $101,102 +$907 $100,473 (Aug)

B $123,498 $119,101 +$4,397 $117,542 (Aug)

C $70,001 $68,600 +$1,401 $64,678 (Aug)

D $9,189 $9,511 -$322 $8,986 (Aug)

E $122,334 $120,000 +$2,334 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.

sherly.goh@asiaone.com

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