Viewed : 3,117 times

Recommended Articles

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

06 Oct 2021 | Local News : Singapore

CAT Premium Change Quota No. of bids
A $47,001   $999    816 1,077
B $70,200 ▲ $1,890  774 1,130
C $38,890 ▼  $110   125 233
E $72,756 ▲ $2,754  214 442

In the first round of bidding for October, Certificate of Entitlement (COE) prices rose for Cat B and E, while those for Cat A and C slipped.

Dealers may have been bidding more aggessively this session in order to secure COEs before the announcement of an anticipated reduction in COE supply come November, as well as for the anticipated sales from the various 10.10 sales planned for this month. Cat A and Cat E for example, continued to see more bids being placed this round, even when compared against last month's already active bidding session.

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

Cat A COE - A small slip

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $999 (2.1%) and ended at $47,001 this bidding round.

This new slip sees premiums for the category currently standing at 8.2% higher than the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 32%. This figure has averaged 39% for Cat A in the last 12 months.

Cat B - Now higher than $70,000

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, continued to rise this bidding round, marking the fourth consecutive session in which the premium for the segment has climbed.

Premiums for Cat B rose by $1,890 (2.8%) this session to reach $70,200.

This lastest climb has brought premiums for the category up to 34.7% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 46%, not much higher than the 12-month average of 41%.

Cat C - Holding steady

Premiums for Cat C, for goods vehicles and buses, fell by $110 (0.3%), closing at $38,890.

The number of unsuccessful bids this round exceeded the available quota by 86%, higher than the 12-month trailing average of 81%.

Cat E - Going strong

In Cat E, the open category, premiums rose by $2,754 (3.9%), closing at $72,756.

The premium for this bidding round now stands at 35.9% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 107%. The 12-month trailing average for this figure is 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 $46,482 (October)
B $60,586 (October)
C $40,004 (October)

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