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In the second Certificate of Entitlement bidding round for October, COE premiums rose across the board.

20 Oct 2021 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $52,709 ▲  $5,708   811 1,304
B $80,210 ▲ $10,010  774 1,240
C $40,501 ▲  $1,611  126 252
E $85,000 ▲ $12,244  210 391

In the second round of bidding for October, Certificate of Entitlement (COE) prices rose across all categories. 

Car buyers could have been more eager to make their purchases this week due the extensive 10.10 deals offered by the various dealers earlier this month, as well as the anticipated decrease in COE supply for the upcoming quarter announced by the LTA last week.

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


Cat A COE - Breaking the $50,000 barrier

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $5,708 (12.1%) and ended at $52,709 this bidding round.

This new jump for Cat A sees premiums for the category currently standing at 20.1% higher than the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 61%. This far surpasses the 12-month average of 39% for the category.


Cat B COE - Five-digit climb this session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, continued to climb for the fifth consecutive time this bidding round.

The premium for Cat B rose by $10,010 (14.3%) this session to reach $80,210.

This lastest climb has brought premiums for the category up to 50.3% above the 12-month trailing average.

The total number of unsuccessful bids this round exceeded the quota available by 60%, higher than the 12-month average of 40%.


Cat C COE - Jumping back upwards

Premiums for Cat C, for goods vehicles and buses, rose by $1,611 (4.1%), closing at $40,501.

The number of unsuccessful bids this round exceeded the available quota by 100%, higher than the 12-month trailing average of 81%.


Cat E COE - A $12,244 leap this session

In Cat E, the open category, premiums rose by an impressive $12,244 (16.8%) this session, closing at $85,000.

The premium for this bidding round now stands at 54.8% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 86%. The 12-month trailing average for this figure is 65%.


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 
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✅ Interest Rate typically starts from 1.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork

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