reset
Viewed : 2,010 times
Recommended Articles

In the first Certificate of Entitlement bidding round for August, premiums for Cat B and E slipped while premiums for Cat A continued to climb.

03 Aug 2022 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $80,000 ▲  $1,101   554 689
B $107,001 ▼  $3,002   474 612
C $56,089 ▲  $1,200   95 168
E $113,000 ▼  $1,001   167 293


In the first round of bidding for August, Certificate of Entitlement (COE) premiums rose for Cat A and C while premiums for Cat B and E fell.

Bidders may have been less willing to place high bids this session, opting to first observe changes in premiums following the recently announced changes to the calculation of COE supply for each quarter. This could also explain the fall in the total number of bids recieved across all categories this session when compared to the last.

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, continued to climb this session, rising by $1,101 (1.4%) to end at $80,000.

This latest climb sees premiums for the category now standing at 30.0% above the 12-month trailing average. The drop in the total number of bids submitted this session means the number of unsuccessful bids this round exceeded the available quota only by 24%, lower than the 12-month average of 43% for the category.


Cat B COE - A drop after weeks of upward climbs

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, or electric vehicles with a power output of more than 110kW, finally saw a fall this session after weeks of upward climbs. Premiums in the category slipped by $3,002 (2.7%) this session to reach $107,001.

This latest slip in premiums for the category has brought the current price to 24.9% above the 12-month trailing average. Prices are currently at the 90th percentile of the prices of the last 12 months.

The total number of unsuccessful bids this round exceed the quota available by 29%, lower than the 12-month average figure for this category of 42%.


Cat C COE - A $1,200 climb this session

Premiums for Cat C, for goods vehicles and buses, climbed this session, rising by $1,200 (2.2%), to close at $56,089.

The number of unsuccessful bids this round exceeded the available quota by 77%, lower than the 12-month average for this category of 95%.


Cat E COE - Also slipping this session

Cat E, the open category, also took a slip this seesion, dropping by a total of $1,001 (0.9%), bringing the premium for the category to $113,000.

This latest drop means current premiums for the category are now at 28.1% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 75%. The 12-month average for this figure for the category is 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 $74,099 (Aug)
B $102,078 (Aug)
C $52,883 (Aug)


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