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In the second Certificate of Entitlement bidding round for November, Cat B and Cat E premiums fall while Cat A premiums rose.

17 Nov 2021 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $55,001 ▲  $1,292  537 706
B $79,601 ▼  $3,200  594 797
C $43,502   $1,501  91 164
E $86,001 ▼  $1,999  164 253

In the second round of bidding for November, Certificate of Entitlement (COE) prices rose for Cat A, while those for Cat B and E fell.

The combination of high prices from the last bidding sessions, coupled with the announced reduction in COE supply for the quarter starting from this month could have dissuaded buyers from making their purchases these weeks. This could also explain the drop in the number of bids received this session compared to the last.

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


Cat A COE - A $1,292 climb

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, were the only private car category to climb this session, rising by $1,292 (2.4%), to end at $55,001.

This third consecutive rise in premiums for the category sees premiums now standing at 21.5% higher than the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 31%. This is lower than the 12-month average of 41% for the category.


Cat B COE - The end of a six-session consecutive upward streak

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, finally ended their six-session consecutive climb this bidding round. The premiums for the category fell this session, by $3,200 (3.9%) to settle at $79,601.

This latest drop sees premiums for the category have now reaching 40.1% above the 12-month trailing average. This price is at the 96th percentile of the prices of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 34%, the 12-month average for this category stands at 41%.


Cat C COE - A $1,501 jump this session

Premiums for Cat C, for goods vehicles and buses, rose by $1,501 (3.6%), closing at $43,502.

The number of unsuccessful bids this round exceeded the available quota by 80%, the 12-month average for this category stands at 84%.


Cat E COE - The end of a four-session consecutive upward climb

Cat E, the open category, finally ended its four-session long climb with a drop this session. Premiums for the category slipped by $1,999 (2.3%) to reach $86,001 this session.

This latest drop sees premiums for the category have now reaching 46.3% above the 12-month trailing average. This price is at the 93rd percentile of the prices of the last 12 months.


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 $47,765 (November)
B $66,387 (November)
C $40,116 (November)


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