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In the first Certificate of Entitlement bidding round for October, premiums slipped across the board.

05 Oct 2022 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $80,501 ▼  $3,499   564 724
B $95,856 ▼  $12,195  474 635
C $65,991 ▼  $1,010   84 148
E $105,001 ▼  $2,200   179 232

In the first round of bidding for October, Certificate of Entitlement (COE) premiums slipped across all categories, with Cat B seeing a sizable $12,195 drop.

Rising car loan interest rates here may be putting a dent on new car buying interest.

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


Cat A COE - Continuing to head downwards

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, still continued to see premiums heading downward this session, with a slip of $3,499 this round (4.2%) seeing premiums settle at $80,501.

This lastest slip means premiums for the category now standing at 18.7% above the 12-month trailing average. This price is now at the 85th percentile of prices across the last 12 months.

The total number of bids submitted this session exceeded the number of unsuccessful bids this round by 28%, lower than the 12-month average of 43% for the category.


Cat B COE - Taking a $12,195 hit

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, took a sizable hit this session. Premiums in the category slipped by a total of $12,195 (11.3%) this session to settle at $95,856.

This slip sees premiums for the category now standing at just 2.3% above the 12-month trailing average. This price is now at the 56th percentile of prices across the last 12 months.

The total number of unsuccessful bids this round exceed the quota available by 34%, lower than the 12-month average figure for this category of 41%.


Cat C COE - First drop since May 2022

Premiums for Cat C, for goods vehicles and buses, also slipped this session, falling by $1,010 (1.5%), to close at $65,991.

The number of unsuccessful bids this round exceeded the available quota by 76%, lower than the 12-month average for this category of 98%.


Cat E COE -  Still above the $100,000 mark

Cat E, the open category, also took a sizable slip this session, dropping by $2,200 (2.1%), to bring the premium for the category to $105,001.

This new slip means current premiums for the category are now at 9.4% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by only 30%. The 12-month average for this figure for the category is 63%.


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 $82,465 (Oct)
B $109,643 (Oct)
C $59,344 (Oct)


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
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