🔥 Trending Singapore COE Prices July 2022: Latest Bidding Results

Singapore's Certificate of Entitlement (COE) prices for July 2022 saw fluctuations across different categories. Notably, Category A COE premiums experienced a decrease, offering some relief in the car market after previous record highs ⁷.

Latest COE Prices (July 2022)

The COE bidding exercise on July 22, 2022, showed the following results for key categories:

• Category A (Cars up to 1,600cc & 97kW): The premium fell to S$126,000 ³. This category is for non-fully electric cars with engine capacity up to 1,600cc and a maximum power output of up to 97kW (130bhp), for COEs obtained from the May 2022 1st COE bidding exercise onwards ¹⁴.
• Category B (Cars above 1,600cc or 97kW): Premiums saw a slight dip of 0.76%, settling at S$129,890, down from S$130,889 ³.
• Category C (Commercial Vehicles): COE premiums for commercial vehicles also decreased ³.

It is important to note that earlier in July 2022, specifically on July 8, the premium for Category A cars had reached a record high of S$129,000 ⁸. This indicates the volatility of COE prices.

Understanding COE Categories

The Land Transport Authority (LTA) categorizes vehicles for COE bidding. The definition for Category A was updated from the May 2022 1st COE bidding exercise onwards:

• Before May 2022 1st COE bidding exercise: Category A was for cars with an engine capacity up to 1,600cc and a maximum power output up to 97kW (130bhp) ¹⁴.
• From May 2022 1st COE bidding exercise onwards: Category A is for non-fully electric cars with engine capacity up to 1,600cc and a maximum power output up to 97kW (130bhp) ¹⁴.

COE prices are a significant factor in vehicle ownership costs in Singapore, and their trends are closely monitored by potential car buyers and the automotive industry ⁵⁶. The validity period for a Temporary Certificate of Entitlement (TCOE) can vary by category and the bidding exercise date. For instance, a Category A TCOE obtained during the January 2022 2nd COE bidding exercise was valid until July 31, 2022 ². TCOEs for Categories C, D (for specific periods), and E are generally valid for 3 months ².