In the first round of bidding for February, Certificate of Entitlement (COE) prices rose across all categories.

The announced contraction of COE supply for this quarter, alongside the various car launches and offers given by brands including Citroen, Kia and Nissan across the Lunar New Year weekend may explain the increase in COE prices across the board. Increased buyer interest could also explain the rise in the total bids received for Cat A and E against the last bidding session.

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

Cat A COE - A $2,863 jump in premiums

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, rose by $2,863 (4.9%) to end at $60,761 this session.

This rise sees the current premium standing at 24.7% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 51%, far higher than the 12-month average of 39% for the category.

Cat B COE - A $4,101 leap this session

Premiums for Car B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, meanwhile, saw the greatest leap this session, jumping by $4,101 (5.0%) to reach a new high of $86,102. Premiums for the category have not been this high since October of 2013.

This latest jump in premiums for the category brings the current price to 35% above the 12-month trailing average.

This session saw increased bidding activity for the category, with the total number of unsuccessful bids this round exceeding the quota available by 57%, far higher than the 12-month average for this category of 38%.

Cat C COE - Climbing in tune with the other categories

Premiums for Cat C, for goods vehicles and buses, rose by $1,000 this session (2.3%), closing at $44,001.

The number of unsuccessful bids this round exceeded the available quota by 86%, higher than the 12-month average for this category of 85%.

Cat E COE - Now standing at $87,000

Cat E, the open category, rose by $3,089 (3.7%) this session, bringing the premium to $87,000.

This rise sees premiums for the category now reaching 30.1% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 49%, lower than the 12-month average for this category of 65%.

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 provides free COE renewal service which includes advice, loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork