Singapore Car Permit Premiums Set to Climb Further as Supply Tightens
Industry leaders warn that Certificate of Entitlement prices will remain elevated through year-end as quota reductions outpace demand adjustments
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Industry leaders warn that Certificate of Entitlement prices will remain elevated through year-end as quota reductions outpace demand adjustments

Category A certificate fell 1.7% to S$123,890 as narrowing price gap between segments redirects demand toward bigger cars

The Cabinet-approved increase aims to provide up to P1,800 weekly relief, though driver groups say only fare hikes can offset sustained oil price volatility.

Category A vehicle certificates dropped 1.7 percent while luxury car premiums held steady in the latest tender, reflecting persistent demand across Singapore's constrained vehicle market.

Certificate of Entitlement premiums ease in latest tender, but industry players expect sustained demand to keep prices elevated near peak levels