Singapore’s COE Prices Rise Across All Categories in July; Category A Surpasses S$100,000-FOZL

Language
- 简体中文
- English

INSIGHTS

Prices Climb Across All Vehicle Categories; Premium Cars Exceed S$110,000

According to the LTA's published data:

Category B (larger and luxury cars) closed at S$119,600, with a starting bid of S$2,930.

Category E (Open Category) rose by S$1,611 to S$118,500.

Category C (goods vehicles and buses) closed at S$66,689, starting from S$1,689.

Category D (motorcycles) rose by S$789 to S$9,389.

This across-the-board increase in COE premiums reflects persistently strong demand for private vehicles, spanning all vehicle types.

Demand-Supply Imbalance Drives Price Surge; Economic Recovery a Key Factor

Analysts attribute the latest COE price hike to a combination of factors. Singapore’s ongoing economic recovery has bolstered consumer purchasing power, fueling increased demand for private vehicles and intensifying bidding competition. At the same time, the structural imbalance between limited COE quotas and steady demand has further amplified price volatility. Although the government has adjusted quota allocations in recent years to ease this mismatch, short-term pricing remains highly sensitive to market sentiment and macroeconomic conditions, with considerable uncertainty ahead.

Policies and Market Trends Under Close Watch

As a core mechanism for managing transport demand in land-scarce Singapore, the COE system aims to balance road usage with environmental sustainability. The recent price surge has once again sparked public discussion about the high cost of car ownership and the viability of public transport alternatives. The Land Transport Authority stated that it will continue to closely monitor market developments and leverage a range of policy tools to guide the optimization of Singapore’s transport landscape.

Temasek’s Net Portfolio Value Hits Record S$434 Billion

Grab’s Shuttle Bus: Corporate-Led Pilot Accelerates Tech Collaboration

According to the latest data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on December 2, Singapore’s Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2 in November, marking the fourth consecutive month of expansion. The Electronics PMI also increased slightly to 50.6, maintaining growth for six consecutive months. This indicates that, despite global demand adjustments and ongoing regional economic uncertainties, Singapore’s manufacturing and electronics sectors continue to demonstrate solid resilience.

Singapore Tops Global Talent Competitiveness Index A Key Milestone for the Regional Talent Ecosystem

The latest edition of the Global Talent Competitiveness Index (GTCI), released on November 26, shows that Singapore has risen to the top of the global ranking for the first time, surpassing long-time leader Switzerland after ranking second eight times over the past nine years. This breakthrough reflects Singapore’s sustained investments in its education system, regulatory environment, and workforce adaptability, while also signaling a significant shift in the regional talent landscape.

Singapore Rises into Top 10 of Savills Tech Cities Index, Strengthening Global Tech Competitiveness

December 2, 2025 – Singapore has made a strong showing in the latest biennial Tech Cities Index by Savills, climbing three positions to 9th place globally, marking its first entry into the top ten. The report highlights Singapore’s stable political and regulatory environment, world-class infrastructure, and business-friendly ecosystem as key factors driving its rise in tech competitiveness.

The10th Singapore FinTech Festival to Open on November 12, Focusing on AI, Tokenisation, and Quantum Computing

(Singapore, 12 November 2025) — The three-day Singapore FinTech Festival will open at the Singapore Expo, marking its 10th anniversary. This year’s event is themed “The Technology Blueprint for the Next 10 Years of Finance” and is jointly organised by the Monetary Authority of Singapore (MAS), the Global FinTech & Innovation Network (GFIN), and Constellar, with the support of the Association of Banks in Singapore.

Singapore Implements Minimum 15% Corporate Tax Rate to Align with Global Standards

Singapore, November 2025 — To prevent tax base erosion and ensure alignment with international tax standards, Singapore has officially implemented a minimum 15% corporate tax rate for large multinational enterprises (MNEs) with financial years commencing on or after 1 January 2025. This measure complies with the Organisation for Economic Co-operation and Development (OECD) “Pillar Two” requirements under the second-generation Base Erosion and Profit Shifting (BEPS 2.0) framework.

Singapore to Launch Quantinuum Helios, Building Regional Quantum Hub