Overview

• Category B closed at S$127,501 and the Open category settled at S$127,901, both up from the previous exercise.
• Commercial vehicle premiums eased to S$71,556, while motorcycle premiums rose to S$9,101.
• The tender drew 4,553 bids for 3,144 available certificates, indicating strong competition for limited supply.
• Market commentators link the surge to popular mass‑market Chinese electric models and stronger household incomes.
• Dealers say they are securing certificates despite higher costs on expectations of further increases, with the next tender closing on Sept 17.