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In the second Certificate of Entitlement bidding round for April, COE premiums rose across all car categories for the third consecutive session.

21 Apr 2021 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $49,640 ▲ $4,040  890 1,290
B $61,190 ▲ $8,881  956 1,585
C $44,001 ▲ $7,867  262 441
E $62,100 ▲ $9,900  303 633

In the second round of bidding for April, Certificate of Entitlement (COE) prices rose across all private car categories. This marks the third bidding round in which COE prices have risen across all private car categories.

More buyers could have been persuaded to make their purchases this round, in anticipation of further price increases expected in the coming quarter as a result of the recently announced drop in COE supply. This can be seen in the increase in bids for Cat A and Cat B.

The approaching increase in VES surcharges may also have motivated more looking to purchase larger vehicles, which would typically fall into Cat B and E, to do so now, and could explain the larger jump in the categories this bidding session.

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

Cat A COE - $4,040 jump in premiums this 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 $4,040 (8.9%) and ended at $49,640 this bidding round.

This latest change sees premiums for the round continuing their now four-month long climb into highs not seen since 2017. Premiums for the category now stand at 32.2% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 45%. This figure has averaged 52% for Cat A in the last 12 months.

Cat B COE - Premiums jump a staggering $8,881

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, took a large jump this bidding session, climbing by $8,881 (17%) to reach $61,290.

This lastest climb has brought premiums for the category up to 49% above the 12-month trailing average. Premiums for Cat B have also not seen such highs since September of 2015.

The total number of unsuccessful bids this round exceeded the quota available by 66%, higher than the 12-month average of 54%.

Cat C COE - Premiums for commercial vehicles follow momentous climb for private cars

Premiums for Cat C, for goods vehicles and buses, rose by $7,867 (21.8%), closing at $44,001.

Cat E COE - Premiums take near $10,000 jump

In Cat E, the open category, premiums rose by $9,900 (19%), closing at $62,100.

The premium for this bidding round now stands at 27.2% above the 12-month trailing average. Premiums for Cat E have not seen such highs since July of 2015.

The number of unsuccessful bids this round exceeded the available quota by 109%. The 12-month trailing average for this figure is 59%.

*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 $42,283 (April)
B $47,316 (April)
C $39,982 (April)

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