Summary: Mainstream car COE premiums reached a new record high in October’s first round of bidding. Category A, for cars with engines up to 1,600 cc or EVs with up to 110 kW, rose 7.6% to S$128,105. This increase is driven by high demand for EVs, as buyers rush to secure cars before EV incentives are reduced in 2026.

Link: https://www.businesstimes.com.sg/singapore/mainstream-car-coe-premium-rockets-7-6-new-record-s128105