{"id":38201,"date":"2026-02-04T19:30:16","date_gmt":"2026-02-04T15:30:16","guid":{"rendered":"https:\/\/azat.tv\/en\/?p=38201"},"modified":"2026-02-04T16:34:41","modified_gmt":"2026-02-04T12:34:41","slug":"singapore-coe-premiums-dip-february-2026","status":"publish","type":"post","link":"https:\/\/azat.tv\/en\/singapore-coe-premiums-dip-february-2026\/","title":{"rendered":"Singapore COE Premiums Dip in Early February 2026 Bidding"},"content":{"rendered":"<div style=\"background: #f7fafc; padding: 15px;\">\n<p><strong>Quick Read<\/strong><\/p>\n<ul>\n<li>COE premiums in Singapore fell across all five categories in the first February 2026 bidding round, with results confirmed on February 4.<\/li>\n<li>Category B (larger cars\/EVs) experienced the sharpest drop, decreasing by $10,744 (8.8%) to $110,890.<\/li>\n<li>Category A (smaller cars\/EVs) premiums fell by $3,181 (2.9%) to $106,320.<\/li>\n<li>Industry experts suggest the drop could be a good time for car purchases, with potential for increased showroom visits.<\/li>\n<li>The Land Transport Authority (LTA) advised buyers to be prudent, noting that premiums remain high despite the recent decline.<\/li>\n<\/ul>\n<\/div>\n<p>SINGAPORE (Azat TV) \u2013 Certificate of Entitlement (COE) premiums in Singapore experienced a broad decline across all categories during the first bidding exercise of February 2026, with results confirmed on February 4. This significant dip, particularly for larger vehicles in Category B, marks a notable shift in the vehicle market after a period of consistently high prices, potentially influencing car buying decisions in the short term.<\/p>\n<h2>COE Premiums Decline Across Singapore Categories<\/h2>\n<p>The Land Transport Authority (LTA) announced that premiums for all five COE categories fell, with Category B (cars above 1600cc or 130bhp, and EVs with more than 110kW) registering the sharpest decrease. Category B premiums closed at $110,890, a substantial drop of $10,744 or 8.8 percent from the previous exercise&#8217;s $121,634. This category received 966 bids for 813 available COEs.<\/p>\n<p>Category A (cars up to 1600cc &amp; 130bhp, and EVs with up to 110kW) also saw its premium fall by $3,181, or 2.9 percent, to close at $106,320. This category attracted 1,982 bids for 1,265 COEs. The Open Category (Category E), which can be used for any vehicle type except motorcycles but is predominantly utilized for larger cars, dipped by $4,891, or 4 percent, to $116,000 from $120,891 previously.<\/p>\n<p>Commercial vehicles and buses in Category C saw a modest decrease of $401, or 0.5 percent, settling at $74,801. Motorcycle premiums in Category D also eased, dropping by $571, or 6.4 percent, to $8,289. The LTA attributed these declines partly to eased seasonal demand factors from January, while advising car buyers and dealers to exercise prudence when placing bids, as premiums remain high despite the recent fall, as reported by <em>Yahoo News Singapore<\/em> and <em>The Straits Times<\/em>.<\/p>\n<h2>Impact on Car Buyers and Industry Outlook<\/h2>\n<p>Industry insiders have offered varied perspectives on the implications of this price adjustment. Nicholas Wong, Chief Executive of Kah Motor Honda, suggested that the current COE drop presents an opportune moment for car purchases, especially for Chinese New Year shoppers looking for potential further rebate savings. Anthony Teo, Managing Director of BYD\/DENZA distributor Vantage Automotive, anticipates an increase in showroom visits following the reduction in premiums. Teo also projected that Category A prices might stabilize or slightly increase, while Category B might not see further significant drops.<\/p>\n<p>The decline in premiums could provide some relief to prospective car owners who have faced record-high COE prices in recent months. However, the overall cost of vehicle ownership in Singapore remains substantial due to the COE system&#8217;s design, which aims to control the vehicle population in the land-scarce city-state.<\/p>\n<h2>Understanding Singapore&#8217;s COE System<\/h2>\n<p>The Certificate of Entitlement is a unique mechanism in Singapore that grants the owner the right to register and use a vehicle for 10 years. These certificates are obtained through an online open auction conducted twice a month by the LTA. Bidding exercises typically commence on the first and third Monday of each month and conclude on Wednesday afternoon, unless public holidays intervene.<\/p>\n<p>The number of COEs available for bidding in each category is determined quarterly, based on a rolling average of vehicles deregistered over the previous four quarters. Since February 2023, this methodology has been in place. Furthermore, the Ministry of Transport has maintained a freeze on vehicle population growth for all categories except Category C since 2017, a policy set to continue until January 31, 2028. This controlled supply, coupled with consistent demand, contributes to the often-volatile nature of COE prices.<\/p>\n<p><em>The collective drop across all COE categories, particularly the significant reduction in Category B, suggests a temporary market correction influenced by seasonal demand factors and potentially a psychological threshold for buyers. This could stimulate renewed interest in vehicle purchases, though the Land Transport Authority (LTA) continues to advise caution given that premiums remain historically high.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s Certificate of Entitlement (COE) premiums saw a significant decline across all categories in the first bidding exercise of February 2026, with Category B experiencing the steepest drop.<\/p>\n","protected":false},"author":1,"featured_media":-1,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow5Nm1DA:productID":"","footnotes":""},"categories":[10],"tags":[9117,3466,45636,22972,45635,13625,9937],"class_list":["post-38201","post","type-post","status-publish","format-standard","hentry","category-economy","tag-car-market","tag-coe","tag-february-2026-bidding","tag-general1","tag-land-transport-authority","tag-singapore","tag-vehicle-prices"],"featured_image_url":"https:\/\/azat.tv\/wp-content\/uploads\/2026\/02\/singapore-coe-bidding-results.jpg","_embedded":{"wp:featuredmedia":[{"id":-1,"source_url":"https:\/\/azat.tv\/wp-content\/uploads\/2026\/02\/singapore-coe-bidding-results.jpg","media_type":"image","mime_type":"image\/jpeg"}]},"_links":{"self":[{"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/posts\/38201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/comments?post=38201"}],"version-history":[{"count":0,"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/posts\/38201\/revisions"}],"wp:attachment":[{"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/media?parent=38201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/categories?post=38201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/azat.tv\/en\/wp-json\/wp\/v2\/tags?post=38201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}