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Singapore regulations & registration

OMV (Open Market Value)

Open Market Value (OMV) is the LTA's assessed pre-tax value of an imported vehicle, used to compute the ARF, COE category and other registration fees in Singapore.

OMV is calculated from the manufacturer's price, freight, insurance and incidentals. It is published per vehicle model on the LTA's database.

The OMV determines whether a vehicle is in Cat A (≤SGD 20k OMV plus power limit) or Cat B (anything else). The COE bidding category, ARF tiers and several luxury surcharges all derive from OMV.

For owners of premium vehicles in Cat B, the protection case is strong: high OMV plus high ARF means the vehicle represents a substantial investment worth preserving.