Singapore COE Prices Hit Record High, Tightening Access to Private Mobility
Singapore’s car ownership certificates (COEs) reached new record levels, with small-car permits nearing S$129,000 and larger-vehicle permits exceeding S$130,000, according to the source. The surge highlights how Singapore’s quota-and-auction system is constraining private mobility access while supporting congestion management, with growing distributional and cost pass-through implications.