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In the first Certificate of Entitlement bidding round for August, COE premiums rose across all car categories.

05 Aug 2020 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $33,000 ▲ $301   1,022 2,047
B $37,102 ▲ $2,101 932 1,985
C $24,100 ▲ $212   358 658
E $36,502 ▲ $1,501 472 784


In the first round of bidding for August, COE prices rose across all categories.

The rise in COE premiums across the board could be due to the fall in the quota available across categories A, B and C. The recent news of the drop in quota available for the August-October period may have prompted more shoppers to make their new car purchases during these two weeks.

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

Cat A COE - Premiums rise by $301

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $301 (0.9%) and ended at $33,000 this bidding round.

The premium from this bidding round has now risen to 4% higher than the 12-month trailing average, and falls into the 72nd percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 100%, this figure has averaged 46% for Cat A in the last 12 months.

Cat B COE - A jump of $2,101 for the first round of August

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, took a larger jump this bidding round, by $2,101 (6%) and ended at $37,102 this bidding round.

Despite this jump in premiums, the Cat B premium is still 1.1% lower than the 12-month trailing average. The premium for this round has climbed to the 48th percentile of the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 113%, far higher than the 12-month average of 37%.

Cat C COE - COE for commercial vehicles climbs $212

Premiums for Cat C, for goods vehicles and buses, increased by $212 (0.9%) and ended at $24,100. The premium from this bidding round is now 4.5% lower than the 12-month trailing average.

Cat E COE - Premiums rise $1,501 despite the rise in quota

In Cat E, the open category, premiums increased by $1,501 (4.3%), closing at $36,502. With the rise in premiums for Cat E, the premium for this bidding round stands at 6.4% below the 12-month trailing average and is at the 27th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 66%, which is higher than the 12-month trailing average of 57%.

*The 12-month trailing average only takes into consideration the months wherein there was active COE bidding.

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.

Category Prevailing Quota Premium
A $32,190 (August)
B $32,914 (August)
C $24,102 (August)


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