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In the first Certificate of Entitlement bidding round for January, COE premiums fell across all private car categories.
05 Jan 2022 | Local News : Singapore
| CAT | Premium | Change | Quota | No. of bids |
| A | $57,599 | ▼ $1,202 | 543 | 760 |
| B | $77,700 | ▼ $3,289 | 587 | 712 |
| C | $42,200 | ▼ $1,800 | 90 | 198 |
| E | $82,501 | ▼ $1,388 | 149 | 193 |
In the first round of bidding for January, Certificate of Entitlement (COE) prices fell across all car categories.
Shoppers may be delaying their purchases this holiday period in anticipation of new promotions over the Chinese New Year period.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - The end of a five-session climb
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, slipped this session, bringing an end to a five-session consecutive climb.A fall of $1,202 (2.0%) sees premiums for the category reaching $57,599 this session.
This latest drop sees the current premium standing at 21.5% above their 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 40%. The 12-month average of this figure has currently stands at 39% for the category.
Cat B COE - $3,289 slip this session
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, saw the largest slip this session, with premiums dropping by $3,289 (4.0%) to end at $77,700.This latest fall in premiums for the category brings the current price to 26.9% above the 12-month trailing average. This price is at the 79th percentile of the prices of the last 12 months.
The total number of unsuccessful bids this round exceeded the quota available by 21%, lower than the 12-month average for this category of 38%.
Cat C COE- A $1,800 slip this session
Premiums for Cat C, for goods vehicles and buses, fell by $1,800 (4.1%), closing at $42,200.
The number of unsuccessful bids this round exceeded the available quota by 120%, far higher than the 12-month average for this category of 84%.
Cat E COE - A small slip this session
Cat E, the open category, fell for the fourth consecutive time this session. Premiums for the category fell by $1,388 (1.7%) to reach $82,501 this session.This latest drop sees premiums for the category have now reaching 29.5% above the 12-month trailing average. This price is at the 80th 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 | $54,039 (January) |
| B | $79,034 (January) |
| C | $42,316 (January) |
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