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

Shoppers may have opted to put in more conservative bids for this round following the impostion of the Phase 2 (Heightened Alert) safety meansures.

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

Cat A COE - Premiums dive by $6,201

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, saw the largest drop this bidding round, falling by $6,201 (12.9%) to end at $41,801 this bidding round.

This second fall in premiums for the category mean the current premiums now only stand at 7.4% above the 12-month trailing average, as opposed to the 25.8% last bidding round.

The number of unsuccessful bids this round exceeded the available quota by 45%. This figure has averaged 53% for Cat A in the last 12 months.

Cat B COE - Premiums slip $1,912

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, also saw a second consecutive slip since the highs of April. This bidding round saw Cat B premiums fall by $1,912 (3.2%) to end at $58,089.

This second slip sees the premium for this bidding round settling into the 91^st percentile of the 12-month trailing average, at 34.3% 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 33%, below the 12-month average of 57%.

Cat C COE - Premiums take another drop

Premiums for Cat C, for goods vehicles and buses, decreased by $1,300 (3.0%) to end at $41,7011.

The number of unsuccessful bids this round exceeded the available quota by 92%, far higher than the 12-month trailing average of 70%

Cat E COE -  Premiums slip $1,002

In Cat E, the open category, premiums likewise slipped, falling by $1,002 (1.6%), to close at $62,000.

The premium for this bidding round now stands at 41.5% above the 12-month trailing average and is at the 92^nd percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 50%, lower than the 12-month trailing average of 61%.

*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.

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