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In the first Certificate of Entitlement bidding round for July, premiums rose across all categories, sending Cat E COE now above the $110,000 mark.
06 Jul 2022 | Local News : Singapore
| CAT | Premium | Change | Quota | No. of bids |
| A | $78,001 | ▲ $3,012 | 617 | 900 |
| B | $107,800 | ▲ $1,799 | 527 | 695 |
| C | $54,001 | ▲ $990 | 102 | 160 |
| E | $110,524 | ▲ $6,124 | 195 | 340 |
In the first round of bidding for July, Certificate of Entitlement (COE) premiums climbed across all categories. The strong climb this session in the Cat E COE sees premiums for the category climbing above the $110,000 mark.
The various promotions offered from authorised dealers such as those from Borneo Motors over the course of the last weeks may have continued to spur interest in new car purchases, leading to the stronger and more numerous bids seen this session compared to the last.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - A $3,012 climb
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 $3,012 (4.0%) to end at $78,001.This latest climb sees premiums for the category now standing at 32.6% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 46%, higher than the 12-month average of 43% for the category.
Cat B COE - A 1.7% climb
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, still continued to climb this session, rising by $1,799 (1.7%) this session to reach $107,800.This latest climb in premiums for the category has brought the current price to 32.4% above the 12-month trailing average.
The total number of unsuccessful bids this round exceed the quota available by 32%, lower than the 12-month average figure for this category of 42%.
Cat C COE - Also climbing along
Premiums for Cat C, for goods vehicles and buses, also climbed this session, rising by $990 (1.9%), to close at $54,001.
The number of unsuccessful bids this round exceeded the available quota by 57%, lower than the 12-month average for this category of 99%.
Cat E COE - Strongest gains this session
Cat E, the open category, saw the strongest growth this session, climbing by $6,124 (5.9%), bringing the premium for the category to $110,524. Also worth noting is the fact that this marks the highest point that COE premiums have ever climbed, eclipsing the $110,500 record set in 1994.This climb means current premiums for the category are now at 32% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 74%. The 12-month average for this figure for the category is 64%.
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 | $71,565 (July) |
| B | $97,176 (July) |
| C | $52,552 (July) |
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