Viewed : 2,273 times

In the first Certificate of Entitlement bidding round for July, Cat B premiums rose while Cat A and Cat E premiums slipped.

07 Jul 2021 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $45,001  $2,820  867 1,149
B $56,100 ▲  $68     840 1,087
C $38,900  $1,900  162 340
E $57,700 ▼  $301   259 416

In the first round of COE bidding for July, the COE premium for Cat A and Cat E slipped, while the premium for Cat B took a small climb.

The small changes in premiums for this month may have been due to the introduction of the increase in VES surcharge for more pollutive vehicles, which may have prompted dealers to take more conservative bids.

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

Cat A COE - Largest mover this bidding session

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, saw the biggest change this bidding session, dropping by $2,820 (5.9%) and ended at $45,001 this bidding round.

This latest drop see premiums for the category now standing at 12.7% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 33%, significantly lower than the average of 53% for Cat A in the last 12 months.

Cat B COE - Premiums take a minimal hike

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, only saw a minimal increase this bidding round, rising by $68 (0.1%) to reach $56,100.

This small increase sees the premium for this bidding round reaching into the 80th percentile of the 12-month trailing average, at 20.5% higher than the average for premiums of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 29%, which is far lower than the 12-month average of 56%.

Cat C COE - Premiums climb $1,900

Premiums for Cat C, for goods vehicles and buses, increased by $1,900 (5.1%) to end at $38,900 this bidding session. 

The number of unsuccessful bids this round exceeded the available quota by 110%, far higher than the 12-month trailing average of 47%.

Cat E COE - Premiums dip slightly

In Cat E, the open category, premiums fell by $301 (0.5%), closing at $57,700.

The premium for this bidding round now stands at 22.1% above the 12-month trailing average and is at the 80th percentile of the premiums of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 61%, which is consistent with the 12-month trailing average for this figure, which also currently stands at 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 $46,896 (July)
B $57,955 (July)
C $39,807 (July)

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

Get COE Renewal Advice, Loans & Paperwork
We help you renew your COE and find the best COE Loan rates in Singapore.
  • Complimentary pre-COE inspection
  • Sourcing for cheapest COE renewal loan rates in the market
  • Settlement of entire COE renewal paperwork

You may also like

1-10 of 20