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

07 Oct 2020 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $36,534 ▼ $1,970  912 1,272
B $40,690 ▼  $299   805 1,218
C $33,089 ▲ $4,500 316 587
E $40,301 ▼  $700  427 688

In the first round of bidding for October, Certificate of Entitlement (COE) prices fell across all categories, save for Cat C.

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

Cat A COE - Premiums finally ease their upward climb

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $1,970 (5.1%) and ended at $36,534 this bidding round.

This marks the first bidding session that has seen premiums for Cat A drop since they first started their upward trend in August 2020. Premiums for the category now stand at 11.5% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 39%. This figure has averaged 54% for Cat A in the last 12 months.

Cat B COE - Premiums take a slight dip

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, continued to slip. This bidding round saw Cat B premiums fall by $299 (0.7%) and ended at $40,690.

This second drop sees the premium for this bidding round settling into the 83rd percentile of the 12-month trailing average, at 9.4% higher than the average for premiums of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 51%, which is only slightly higher than the 12-month average of 49%.

Cat C COE - Premiums rise a whopping $4,500

Premiums for Cat C, for goods vehicles and buses, increased by $4,500 (15.7%) to end at $33,089. Premiums for Cat C have not reached this high since the first bidding round of May 2018, where they reached $33,190.

Cat E COE - Premiums fall $700

In Cat E, the open category, premiums fell by $700 (1.7%), closing at $40,301.

The premium for this bidding round now stands at 6.2% above the 12-month trailing average and is at the 74th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 61%, which is higher 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 $35,200 (October)
B $38,216 (October)
C $25,455 (October)

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 
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✅ Interest Rate typically starts from 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork

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