COE premiums ease across the board; Category C closes at $92,144
Certificate of Entitlement (COE) premiums fell in every category at the second September 2026 bidding exercise, which closed on 23 September. For commercial vehicle owners, the key figure is Category C, which covers goods vehicles and buses: it closed at $92,144, down $957 from the first September round.
LTA’s published results show 318 Category C certificates on offer, 532 bids received and 316 successful bids. The first September round had closed at $93,101, so the second round’s $92,144 was a drop of $957. Car premiums also softened: Category A closed at $131,890 (from $133,009) and Category B at $133,000 (from $135,001). Category D for motorcycles fell to $12,201 and the Open Category E to $137,000.
Category C demand in the second round was lower than in the first, when 565 bids chased 310 certificates. That eased competition helps explain the small fall, though bids still outnumbered certificates by a wide margin.
A Category C COE remains a large part of the cost of a new van, lorry or bus. At about $92,000, the certificate alone can cost more than the vehicle itself for many light commercial models. Small changes of a few hundred dollars per round make little practical difference, but the trend matters to anyone budgeting for a replacement or a fleet expansion over the next year.
For reference, the Category C PQP for September 2026 was $92,907, and LTA’s figures put October’s PQP at $92,614.
The figure also feeds into the Prevailing Quota Premium (PQP), the three-month moving average that owners pay when they renew a COE instead of replacing the vehicle. Owners whose vehicles are approaching the end of their 10-year COE should keep an eye on PQP alongside the bidding results, and compare renewal against replacement on a full cost basis.
The next bidding round, the first of October, opens on 5 October. LTA is also due to announce the COE quota for November 2026 to January 2027 in October, which will give the market its next signal on supply.
Source: Land Transport Authority COE results (with Sgcarmart report) — Read the original
