Car Permit Prices Hit Record High in Singapore

Published 2026-11-04

The price of a Certificate of Entitlement (COE) for Category A cars reached an all-time high of $139,001 on November 4. This is the highest price ever recorded for this category, and it is higher than the previous record. A COE is a permit that allows a person to own and drive a car in Singapore for a set period of time, and buyers must bid for it before they can register a vehicle.

Category A covers smaller cars with engines of up to 1,600cc and some electric vehicles. The price of the Category B COE also went up on the same day. Category B covers larger cars and cars with engines above 1,600cc, and it is usually more expensive than Category A. Because the COE price is part of the total cost of a car, these increases mean that buyers will need to spend more money to own a vehicle.

The COE system is used by the government to control the number of vehicles on Singapore's roads. By limiting the number of permits, authorities aim to keep traffic congestion under control. However, high COE prices have been a concern for many car buyers, especially first-time owners and families who need a car for daily life.

The latest rise shows how demand for COE permits remains strong despite the high cost. Buyers who are planning to purchase a car in the coming months should check the latest COE prices before making a decision. Future bidding results will show whether prices continue to rise or start to fall.

Sources: The Straits Times

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