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

21 Oct 2020 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $37,334 ▲  $800  916 1,323
B $40,990 ▲  $300  793 1,272
C $33,778 ▲  $689  316 538
E $39,889 ▼  $412  430 672

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

The recently announced decrease in supply for Cat A COEs may have prompted buyers to make their purchases this month, fuelling the increase in premiums for smaller cars this bidding round. Meanwhile, the premiums for Cat C COEs continue their upward climb supported by strong demand for last mile delivery services.

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

Cat A COE - Premiums climb $800

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $800 (2.2%) and ended at $37,334 this bidding round.

Premiums for the category now stand at 12.8% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 44%, this figure has averaged 55% for Cat A in the last 12 months.

Cat B COE - Premiums climb another $300

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, likewise saw only a slight upward bump this bidding round, rising by $300 (0.7%) to reach $40,990.

This climb sees the premium for this bidding round reaching into the 84th 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 60%, which is higher than the 12-month average of 50%.

Cat C COE - Premiums continue their upward climb

Premiums for Cat C continued their upward climb despite already reaching all-year highs. This bidding round saw the premiums for commercial vehicles increase by a further $689 (2.1%) to end at $33,778.

Cat E COE - Premiums see a slight fall

In Cat E, the open category, premiums fell by $412 (1.0%), closing at $39,889.

The premium for this bidding round now stands at 4.7% above the 12-month trailing average and is at the 56th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 56%, which is lower 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 $35,200 (October)
B $38,216 (October)
C $25,455 (October)

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