 The certificate of entitlement (COE) premium for smaller cars and electric vehicles (EVs) reached another high of $128,105 at the Oct 8 exercise, up 7.6 per cent from the previous tender.

This is the third consecutive tender where a record was set in Category A, which is meant for smaller and less powerful cars and EVs. The previous high was $119,003, recorded at the tender on Sept 17.

The premium for Category B COEs, used to register larger and more powerful cars and EVs, was $141,000 – a 3 per cent increase from the $136,890 registered at the last exercise.

It is the highest the Category B COE price has been since the record of $150,001 was set in October 2023.

What’s driving this relentless climb, and how much higher can prices go? Plus, what does this mean for the average car buyer trying to navigate this market?

On The Big Story, Hongbin Jeong speaks with Lee Nian Tjoe, Senior Transport Correspondent, The Straits Times, to find out more. 

&nbsp;The certificate of entitlement (COE) premium for smaller cars and electric vehicles (EVs) reached another high of $128,105 at the Oct 8 exercise, up 7.6 per cent from the previous tender.
This is the third consecutive tender where a record was set in Category A, which is meant for smaller and less powerful cars and EVs.&nbsp;The previous high was <a href="https://www.straitstimes.com/singapore/transport/cat-a-coe-premium-hits-new-record-of-119003-cat-b-price-climbs-to-highest-since-oct-2023?ref=inline-article" aria-label="link" data-testid="custom-link"></a>$119,003, recorded at the tender on Sept 17.
The premium for Category B COEs, used to register larger and more powerful cars and EVs, was $141,000 &ndash; a 3&nbsp;per cent increase from the $136,890 registered at the last exercise.
It is the highest the Category B COE price has been since the record of $150,001 was set in October 2023.
What&rsquo;s driving this relentless climb, and how much higher can prices go? Plus, what does this mean for the average car buyer trying to navigate this market?
On The Big Story, Hongbin Jeong speaks with Lee Nian Tjoe, Senior Transport Correspondent, The Straits Times, to find out more.&nbsp;

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.