reset
Viewed : 4,364 times

In the first Certificate of Entitlement bidding round for December, premiums for Cat A and B climbed while those for Cat E slipped.

08 Dec 2021 | Local News : Singapore



CAT Premium Change Quota No. of bids
A $57,010 ▲  $2,009  536 771
B $80,401 ▲   $800   593 822
C $45,000   $1,498  93 147
E $85,000 ▼  $1,001  149 245
 
In the first round of bidding for December, Certificate of Entitlement (COE) prices rose for Cat A and Cat B, while those for Cat E fell.

The sustained rise in premiums for Cat A COE may be due to the recent launch of the popular Honda Civic. Premiums for the category have not reached these highs since November of 2015.

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


Cat A COE - A $2,009 climb

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, climbed by another $2,009 (3.7%) this session to end $57,010. Premiums for this category have not been this high since November of 2015.

This fourth consecutive rise in premiums for the category sees them now standing at 24% higher than the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 44%. This is higher than the 12-month average of 40% for the category.


Cat B COE - Bouncing back from last month's drop

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, climbed this session by $800 (1.0%) to end at $80,401.

This latest climb sees premiums for the category recovering back to 37.6% above the 12-month trailing average. This price is at the 92nd percentile of the prices of the last 12 months.

The total number of unsuccessful bids this round exceeded the quota available by 39%, the 12-month average for this category stands at 40%.


Cat C COE - A $1,498 climb this session

Premiums for Cat C, for goods vehicles and buses, rose by $1,498 (3.4%), closing at $45,000.

The number of unsuccessful bids this round exceeded the available quota by 58%, the 12-month average for this category stands at 84%.


Cat E COE - The only category to slip this session

Cat E, the open category, continues last session's drop with another slip this session. Premiums for the category fell by $1,001 (1.2%) to reach $85,000 this session.

This latest drop sees premiums for the category have now reaching 40.2% above the 12-month trailing average. This price is at the 88th 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 $50,570 (December)
B $73,954 (December)
C $40,650 (December)


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