Sign Up
Stories
COE Prices in Singapore Surge
Share
COE Premiums Dip in Singapore
COE Premiums Plummet in Singapore
COE Premiums in Singapore
Overview
API
COE prices in Singapore drop, leading to increased interest in larger Category B cars, particularly electric vehicles. The Transport Ministry continues to address the supply trough by bringing forward COE quota from peak years. Car leasing companies are unlikely to be the primary factor for rising COE prices. The COE quota for the November 2023 to January 2024 quarter is increased, with an additional 1,614 COEs reallocated. The article argues that the COE system is exclusive and for the wealthy, with a surge in demand for car COEs and blame placed on private hire cars.
Ask a question
How might the surge in interest in larger Category B cars, particularly electric vehicles, impact the overall COE market in Singapore?
To what extent does the exclusivity of the COE system affect the affordability of car ownership for the average Singaporean?
What other measures could the Transport Ministry consider to address the supply trough and improve the COE system?
Article Frequency
0.2
0.4
0.6
0.8
1.0
May 2023
Jul 2023
Sep 2023
Coverage