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In the first Certificate of Entitlement bidding round for September, Cat A and Cat B premiums rose while Cat C and Cat E premiums slipped.
08 Sep 2021 | Local News : Singapore
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| CAT | Premium | Change | Quota | No. of bids |
| A | $47,000 | ▲ $311 | 804 | 1,124 |
| B | $62,600 | ▲ $1,599 | 791 | 1,080 |
| C | $40,001 | ▼ $9 | 122 | 211 |
| E | $64,700 | ▼ $201 | 206 | 391 |
In the first round of bidding for September, the COE premium for Cat A and Cat B continued to climb, while the premium for Cat E took a small slip.
Dealers may have been bidding higher this session in order to meet increased orders from the various National Day promotions run last month. This could also explain the sustained high number of bids received this session when compared to the last.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Premiums climb $311
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $311 (0.7%) and ended at $47,000 this bidding round.This latest climb has brought premiums for the category up to 10.2% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 40%. This figure has averaged 41% for Cat A in the last 12 months.
Cat B COE - Premiums now highest since 2015
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, take the headline this session by continuing their spectacular climb last session with yet another upward bump this round. The premium for this session rose by $1,599 (2.6%) to reach $62,600, the highest seen since July of 2015.
This lastest climb has brought premiums for the category up to 24.9% above the 12-month trailing average.
The total number of unsuccessful bids this round exceeded the quota available by 37%, lower than the 12-month average of 43%.
Cat C COE - Holding steady
Premiums for Cat C, for goods vehicles and buses, fell by $9 (0.02%), closing at $40,001.
The number of unsuccessful bids this round exceeded the available quota by 73%, lower than the 12-month trailing average of 80%.
Cat E COE - Easing off that high
In Cat E, the open category, premiums fell from last session's high by $201 (0.3%), closing at $64,700.The premium for this bidding round now stands at an impressive 26% above the 12-month trailing average and is at the 96th percentile of the premiums of the last 12 months.
The number of unsuccessful bids this round exceeded the available quota by 90%, far higher than the 12-month trailing average of 60%.
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 | $46,704 (September) |
| B | $58,124 (September) |
| C | $39,171 (September) |
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