Certificate of entitlement (COE) premiums climbed across most categories at the latest round, with the Open category recording the biggest rise to hit $113,104, the highest levels since December 2023.

At $98,524, the price of a Category A COE for smaller and less powerful cars and electric vehicles, hit a record high in 2024, and the sentiment on the street is that the upward trend will continue. Lee Nian Tjoe, The Straits Times' Senior Transport Correspondent shares his views.