COE prices rise across the board as CNY holiday approaches

CAT	Premium	Change	Quota	No. of bids
A	$57,898	▲  $299	531	711
B	$82,001	▲ $4,301	592	907
C	$43,001	▲  $801	91	149
E	$83,911	▲ $1,410	159	257

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

The announced contraction of COE supply in the upcoming quarter, alongside the upcoming Lunar New Year holiday may have perked interest in new car puchases during the last two weeks. This could also explain the upsurge in bids received in both Cat B and Cat E compared to the last bodding session.

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


Cat A COE - Staying stable

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, held steady this session, rising only by $299 (0.5%) to end at $57,898 this session.

This rise sees the current premium standing at 20.3% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 34%. The 12-month average of this figure has currently stands at 40% for the category.


Cat B COE - A $4,301 leap this session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, saw the largest jump this session, with premiums rising by $4,301 (5.5%) to end at $82,001.

This latest jump in premiums for the category brings the current price to 31.4% above the 12-month trailing average. This price is at the 94^th percentile of the prices of the last 12 months.

This session saw increased bidding activity for the category, with the total number of unsuccessful bids this round exceeding the quota available by 53%, higher than the 12-month average for this category of 44%.


Cat C COE - A $801 jump

Premiums for Cat C, for goods vehicles and buses, rose by $801 (1.9%), closing at $43,001.

The number of unsuccessful bids this round exceeded the available quota by 64%, lower than the 12-month average for this category of 85%.


Cat E COE - Climb of $1,410

Cat E, the open category, rose by $1,410 (1.7%) this session, bringing the premium to $83,911.

This rise sees premiums for the category now reaching 28.9% above the 12-month trailing average. This price is at the 80^th percentile of the prices of the last 12 months.

The number of unsuccessful bids this round exceeded the available quota by 56%, lower than the 12-month average for this category of 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	$54,039 (January)
B	$79,034 (January)
C	$42,316 (January)

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