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In the second Certificate of Entitlement bidding round for June, premiums rose across all categories, sending Cat B and E further above the $100,000 mark.

22 Jun 2022 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $74,989 ▲ $1,188   614 850
B $106,001 ▲ $5,317   531 822
C $53,011 ▲   $9      103 224
E $104,400 ▲ $3,703   194 276

In the second round of bidding for June, Certificate of Entitlement (COE) premiums climbed across all categories. The continued climb sees premiums for Cat B and E climbing further above the $100,000 mark, which they broke at the last bidding session.

The various roadshows held by the various marques here across the past weeks could have led to continued strong car buying interest this bidding session.

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


Cat A COE - Still going strong

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, or electric vehicles with a power output of up to 110kW, climbed this session by $1,188 (1.6%) to end at $74,989.

This latest climb sees premiums for the category now standing at 30.0% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 38%, lower than the 12-month average of 43% for the category.


Cat B COE - Climbing further above the $100,000 mark

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, continued to climb yet higher this session, rising by $5,317 (5.3%) this session to reach $106,001.

This latest climb in premiums for the category has brought the current price to 33.6% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 55%, higher than the 12-month average figure for this category of 41%.


Cat C COE - Holding steady

Premiums for Cat C, for goods vehicles and buses, held steady this session, climbing by $9 (0.02%), to close at $53,011.

The number of unsuccessful bids this round exceeded the available quota by 117%, higher than the 12-month average for this category of 98%.


Cat E COE - Also climbing steadily upwards

Cat E, the open category, also continued to see strong growth this session, climbing by $3,703 (3.7%), bringing the premium for the category to $104,400. 

This climb means current premiums for the category are now at 27.6% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 42%. The 12-month average for this figure for the category is 66%.


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 $70,109 (June) $71,565 (July)
B $95,025 (June) $97,176 (July)
C $51,615 (June) $52,552 (July)


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✅ 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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