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In the second Certificate of Entitlement bidding round for September, Cat A and Cat C premiums rose while Cat B premiums fell.

23 Sep 2020 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $38,504 ▲  $738  1,034 1,540
B $40,989 ▼  $521  912 1,497
C $28,589 ▲ $1,945 351 591
E $41,001 ▲  $211  471 671

In the second round of bidding for September, COE prices fell for Cat B while premiums for Cat A and Cat E saw an increase.

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

Cat A COE - Premiums continue their upward climb for the fourth consecutive bidding session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $738 (2.0%) and ended at $38,504 this bidding round.

This marks the fourth consecutive bidding session that has seen premiums for Cat A rising. Premiums for the category now stand at 19.3% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 49%, this figure has averaged 53% for Cat A in the last 12 months.

Cat B COE - Premiums see a fall after climbing for three bidding rounds

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, finally experienced a slip after climbing for the last three bidding sessions. This bidding round saw Cat B premiums fall by $521 (1.3%) and ending at $40,989.

This marginal drop sees the premium for this bidding round settling into the 87th percentile of the 12-month trailing average, at 10.9% higher than the average for premiums of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 64%, which is higher than the 12-month average of 47%.

Cat C COE - Premiums rise by $1,945

Premiums for Cat C, for goods vehicles and buses, increased by $1,945 (7.3%) and ended at $28,589. Premiums for Cat C have not reached this high since the second bidding round of April 2019, where they reached $32,001.

Cat E COE - Premiums see a slight climb

In Cat E, the open category, premiums increased by $211 (0.5%), closing at $41,001.

The premium for this bidding round now stands at 8.2% above the 12-month trailing average and is at the 92nd percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 42%, which is lower than the 12-month trailing average of 56%.

*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 $33,140 (September) $35,200 (October)
B $34,935 (September) $38,216 (October)
C $23,950 (September$25,455 (October)

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