SINGAPORE: Certificate of Entitlement (COE) premiums for big cars crossed S$120,000 (US$87,816) in the first bidding exercise of 2025 on Wednesday (Jan 8), marking their highest price in over a year.

Premiums for larger and more powerful cars in Category B rose to S$121,501 from S$109,000.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$123,000 from S$108,992.