In the second round of bidding for January, Certificate of Entitlement (COE) premiums for Cat A and B climbed, while premiums for Cat E slipped.

This rise in premiums for Cat A and B could be due to renewed new car buying interest as a result of the recent 2023 Singapore Motor Show.

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

Cat A COE - A $6,000 jump in premiums

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, jumped this session by $6,000 (7.5%), ending at $86,000.

This climb sees premiums for the category now standing at 12% above the 12-month trailing average. This price is now at the 60^th 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 37%, lower than the 12-month average of 41% for the category.

Cat B COE - Also climbing upwards

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, also climbed this session. Premiums in the category rose by $3,457 (3.4%), to finally settle at $105,459.

This new climb in premiums for the category has brought the current price to 3.4% above the 12-month trailing average. Premiums for the category are now at the 52^nd percetile of prices of the last 12 months.

The total number of unsuccessful bids this round exceed the quota available by 26%, significantly lower than the 12-month average figure for this category of 42%.

Cat C COE - A small slip

Premiums for Cat C, for goods vehicles and buses, slipped this session, dropping by $192 (0.3%), to close at $77,109.

The number of unsuccessful bids this round exceeded the available quota by 133%, higher than the 12-month average for this category of 105%.

Cat E COE - Just a $889 drop

Cat E, the open category, slipped only by $889 (2.4%) this session. This slip sees the premium for the category ending at $107,000.

This new slip means current premiums for the category are now at 3.1% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 66%. 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.


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