COE Results January 2025 1st Bidding: Cat B and E jump up!

The first round of bidding for January saw Certificate of Entitlement (COE) premiums jumping up for Cat B and E, while Cat A took a slight dip.

The strong upward jump in premiums for Cat B and E could be attributed to the fact that the 2025 Singapore Motor Show is set to kick off this weekend, as well as the fact that some dealers here (such as BYD Singapore and Volkswagen Singapore) have already started ramping up their sales activities ahead of the show itself. Increased interest in new car purchases as well as an increase in expected purchases from the show can be seen in the fact that the total number of bids received for Cat B has not reached this high since January 2024, while the total number of bids received for Cat E has not reached this high since 2021.

Get data on past COE bidding exercises at our COE bidding results page.

Cat A COE - Taking a small hit

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp or electric vehicles with a power output of up to 110kW, took a slight hit this session, dropping by $2,301 (2.4%) to reach $93,699.

The current premium now stands at just 3.5% above the 12-month trailing average. The total number of number of bids submitted exceeded the number of successful bids this round by 24%, lower than the 12-month average of 58% for the category.

Cat B COE - Climbing by $12,501

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc or electric vehicles with a power output of more than 110kW, saw a strong upward climb this session, rising by a total of $12,501 (12.1%) to reach $121,501.

This climb means the current premium for the category is now 17.1% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 87%. This is significantly higher than the 12-month average figure for the category of 53%

Cat C COE - A small drop

Premiums for Cat C, for goods vehicles and buses, slipped this session by $1,999 (2.9%) to close at $67,891. The number of unsuccessful bids this round exceeded the available quota by 47%, lower than the 12-month average for this category of 63%.

Cat E COE - Climbing by $14,008

Premiums for Cat E, the open category, also saw a strong upward climb this session, rising by a total of $14,008 (12.9%) to reach $123,000.

The current premium for the category is now 17.7% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by a whopping 117%, far above with the 12-month average figure for the category of 81%.

Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

If you're looking for a fuss-free option to renew your car's COE, Sgcarmart Connect provides free COE renewal advice, which includes loan sourcing and all paperwork.

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