Viewed : 2,611 times
In the second Certificate of Entitlement bidding round for July, COE premiums rose across all car categories.
22 Jul 2021 | Local News : Singapore
 |
| CAT | Premium | Change | Quota | No. of bids |
| A | $47,010 | ▲ $2,009 | 836 | 1,240 |
| B | $59,501 | ▲ $3,401 | 819 | 1,107 |
| C | $39,523 | ▲ $623 | 166 | 337 |
| E | $60,001 | ▲ $2,301 | 267 | 408 |
In the second round of bidding for July, Certificate of Entitlement (COE) prices rose across all private car categories.
More buyers could have been persuaded to make their these last two weeks, in anticipation of further price increases expected in the coming quarter as a result of the recently announced drop in COE supply which we foresaw as early as June. This can be seen in the increase in bids for Cat A and Cat B when compared against the last bidding round.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - A 4.5% jump in premiums
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $2,009 (4.5%) and ended at $47,010 this bidding round.Premiums for the category now stand at 14.4% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 48%. This figure has averaged 49% for Cat A in the last 12 months.
Cat B COE - Largest mover this session
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, also climbed this bidding round, by $3,401 (6.1%) to reach $59,501.This lastest climb has brought premiums for the category up to 25.3% above the 12-month trailing average.
The total number of unsuccessful bids this round exceeded the quota available by only 35%, lower than the 12-month average of 51%.
Cat C COE - A $623 increase
Premiums for Cat C, for goods vehicles and buses, rose by $623 (1.6%), closing at $39,523.
The number of unsuccessful bids this round exceeded the available quota by 103%, far higher than the 12-month trailing average of 76%.
Cat E COE - Premiums rise by 4%
In Cat E, the open category, premiums rose by $2,301 (4.0%), closing at $60,001.The premium for this bidding round now stands at 24.4% above the 12-month trailing average and is at the 83rd percentile of the premiums of the last 12 months.
The number of unsuccessful bids this round exceeded the available quota by 53%. The 12-month trailing average for this figure is 59%.
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