Policy changes, construction demand push commercial vehicle COE premiums to new record

Businesstimes News
2026.05.21 08:40
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Strong demand for commercial vehicles, driven by logistics and construction sectors, has pushed Certificate of Entitlement (COE) premiums to a record S$92,223, surpassing the previous high of S$91,101 in March 2023. This increase is attributed to infrastructure development needs and changing bidding dynamics due to policy shifts.