Here's everything you need to know about COE Renewal in Singapore. Renew for 5 or 10 years? Taking the best COE renewal loan, when to renew your COE and more.
Even with record-breaking premiums, multiple factors point to the inescapable reality that COE premiums will continue to increase.
It appears that the end of sky-high premiums may not yet be in sight, as slowing de-registrations suggest that the COE quota for May to July is set to fall.
In the first Certificate of Entitlement bidding round for July, premiums rose across all categories, sending Cat E COE now above the $110,000 mark.
With the relatively low car COE premiums, the lifespan of 37,114 cars were extended last year, 20% more than previous peak in 2017.
For the second round of bidding in September, COE premiums increase significantly for Cat A while Cat B and E prices rise slightly.
The Land Transport Authority has released data showing last year's record of 44,303 vehicles being revalidated, which exceeds the 33,339 record in 2007.
The first bidding exercise in November ended with demand for Cat A staying strong, while premiums for big car COEs took a dip.
Premiums for COE tender exercise fell across all categories although demand for big cars stay strong as Cat E premiums continue to hover over the $90,000 mark.