COE premiums slip on eve of VES surcharge increase
23 Jun 2021|4,229 views
CAT | Premium | Change | Quota | No. of bids |
A | $47,821 | ▼ $689 | 830 | 1,178 |
B | $56,032 | ▼ $4,077 | 809 | 983 |
C | $37,000 | ▼ $2 | 238 | 478 |
E | $58,001 | ▼ $3,111 | 265 | 519 |
In the second round of bidding for June, Certificate of Entitlement (COE) prices fell across all categories.
The upcoming increase in VES surchages for more pollutive vehicles may have deterred customers from making purchases in the final weeks of June. This might also explain the drop in bids received this session across both Cat A and B compared to the last COE bidding round.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Premiums slip $689
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, took a slight hit this bidding round, dropping by $689 (1.4%) to end at $47,821 this bidding round.
This slip in premiums for the category mean the current premium now stands at 19.7% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 42%. This figure has averaged 53% for Cat A in the last 12 months.
Cat B COE - Premiums tumble $4,077
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, saw the biggest fall this bidding session, dropping by $4,077 (6.8%) to end at $56,032.
This latest slip sees the premium for this bidding round settling into the 83rd percentile of the 12-month trailing average, at 23.3% 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 22%, below the 12-month average of 57%.
Cat C - Premiums hold steady
Premiums for Cat C, for goods vehicles and buses, decreased by $2 (0.01%) to end at $37,000.
The number of unsuccessful bids this round exceeded the available quota by 101%, higher than the 12-month trailing average of 73%.
Cat E COE - Premiums slip $3,111
In Cat E, the open category, premiums likewise slipped, falling by $3,111 (5.1%), to close at $58,001.
The premium for this bidding round now stands at 41.5% above the 12-month trailing average and is at the 92nd 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%.
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 | $45,272 (June) |
B | $53,932 (June) |
C | $40,324 (June) |
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
Sgcarmart
Get COE Renewal Advice, Loans & Paperwork
We help you renew your COE and find the best loan rates in Singapore.
- Complimentary pre-COE inspection
- Settlement of entire COE renewal paperwork
CAT | Premium | Change | Quota | No. of bids |
A | $47,821 | ▼ $689 | 830 | 1,178 |
B | $56,032 | ▼ $4,077 | 809 | 983 |
C | $37,000 | ▼ $2 | 238 | 478 |
E | $58,001 | ▼ $3,111 | 265 | 519 |
The upcoming increase in VES surchages for more pollutive vehicles may have deterred customers from making purchases in the final weeks of June. This might also explain the drop in bids received this session across both Cat A and B compared to the last COE bidding round.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Premiums slip $689
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, took a slight hit this bidding round, dropping by $689 (1.4%) to end at $47,821 this bidding round.
This slip in premiums for the category mean the current premium now stands at 19.7% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 42%. This figure has averaged 53% for Cat A in the last 12 months.
Cat B COE - Premiums tumble $4,077
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, saw the biggest fall this bidding session, dropping by $4,077 (6.8%) to end at $56,032.
This latest slip sees the premium for this bidding round settling into the 83rd percentile of the 12-month trailing average, at 23.3% 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 22%, below the 12-month average of 57%.
Cat C - Premiums hold steady
Premiums for Cat C, for goods vehicles and buses, decreased by $2 (0.01%) to end at $37,000.
The number of unsuccessful bids this round exceeded the available quota by 101%, higher than the 12-month trailing average of 73%.
Cat E COE - Premiums slip $3,111
In Cat E, the open category, premiums likewise slipped, falling by $3,111 (5.1%), to close at $58,001.
The premium for this bidding round now stands at 41.5% above the 12-month trailing average and is at the 92nd 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%.
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 | $45,272 (June) |
B | $53,932 (June) |
C | $40,324 (June) |
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
Sgcarmart
Get COE Renewal Advice, Loans & Paperwork
We help you renew your COE and find the best loan rates in Singapore.
- Complimentary pre-COE inspection
- Settlement of entire COE renewal paperwork
Latest COE Prices
April 2024 | 2nd BIDDING
NEXT TENDER: 08 May 2024
CAT A$94,010
CAT B$102,001
CAT C$68,502
CAT E$103,249
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