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

18 Nov 2020 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $37,690 ▲ $1,700  972 1,361
B $41,101 ▲ $2,101  1,007 1,559
C $30,334 ▼ $1,168  369 597
E $41,503 ▲ $2,003  520 803


In the second round of bidding for November, Certificate of Entitlement (COE) prices rose across all categories, save for Cat C.

The latest news of increased COE supply for this quarter may have prompted more buyers to put in bids this bidding session. This can be seen in the number of bids received for Cat A, B and E, which all saw increases when compared against last month. The various 11.11 offers given by dealers through this month may have also prompted more buyers to make their purcheses during this period.

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


Cat A COE - Premiums reach second highest point this year

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,700 (4.7%) and ended at $37,690 this bidding round.

This climb takes premiums for Cat A to their second-highest they have been so far for 2020. Premiums for the category now stand at 11.9% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 40%. This figure has averaged 54% for Cat A in the last 12 months.


Cat B COE - Premiums climb $2,101 this bidding session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, likewise climbed upwards this bidding session.

With premiums climbing by $1,168 (5.4%) and ending at $41,101, the current premium for Cat B is likewise also at its second-highest this year, with the last peak reaching $41,510 during the first bidding round for September.

This climb sees the premium for this bidding round settling into the 85th percentile of the 12-month trailing average, at 9.6% higher than the average for premiums of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 55%, which is higher than the 12-month average of 50%.


Cat C COE - Premiums continue their downward slip

Premiums for Cat C, for goods vehicles and buses, decreased by $1,168 (3.7%) to end at $30,334.


Cat E COE - Premiums climb to an all-time high this year

In Cat E, the open category, premiums rose by $2,003 (5.1%), closing at $41,503, raising them to an all-time high for 2020.

The premium for this bidding round now stands at 9.0% above the 12-month trailing average and is at the 94th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 54%. The 12-month trailing average for this figure is 54%.

*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 $36,475 (November)
B $40,014 (November)
C $28,535 (November)


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