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

17 Feb 2021 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $41,001 ▼ $999    903 1,226
B $46,002 ▼ $788    942 1,168
C $40,890  $4,111 259 424
E $47,506 ▼ $2,272 304 503

In the second round of bidding for February, Certificate of Entitlement (COE) prices fell across all categories.

Shoppers may have opted to put in more conservative bids this round in leiu of the drop in COE supply for this quarter.

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

Cat A COE - Premiums slip by $999

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $999 (2.4%) and ended at $41,001 this bidding round.

This second fall in premiums for the category mean the current premiums now stand at 14.3% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by only 36%. This figure has averaged 52% for Cat A in the last 12 months.

Cat B COE - Premiums drop $788

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, likewise dropped slightly from the new highs reached at the start of the year. This bidding round saw Cat B premiums fall by $788 (1.7%) to end at $46,002.

This slip sees the premium for this bidding round settling into the 82nd percentile of the 12-month trailing average, at 16.7% higher than the average for premiums of the last 12 months.

The total bids received this round sees the number of unsuccessful bids exceeding the quota available by only 24%, far below the 12-month average of 52%.

Cat C COE - Premiums finally ease their five-round long climb

Premiums for Cat C, for goods vehicles and buses, decreased by $4,111 (23.4%) to end at $34,471.

The number of unsuccessful bids this round exceeded the available quota by 64%, in line with the 12-month trailing average of 62%.

Cat E COE - Premiums fall $2,272

In Cat E, the open category, premiums saw the largest change this bidding round, falling by $2,272 (8.5%), to close at $47,506.

The premium for this bidding round now stands at 18.7% above the 12-month trailing average and is at the 82nd percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 65%, which is higher than the 12-month trailing average of 53%.

*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 $39,844 (February)
B $45,586 (February)
C $34,471 (February)

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

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