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

18 Jan 2023 | Local News : Singapore


CAT Premium Change Quota No. of bids
A $86,000 ▲  $6,000    459 627
B $105,459 ▲  $3,457    408 514
C $77,109 ▼   $192     78 182
E $107,000 ▼   $889     149 248

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 60th 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 52nd 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.

Category Prevailing Quota Premium
A $85,988 (Jan) $86,723 (Feb)
B $108,106 (Jan) $108,373 (Feb)
C $75,667 (Jan) $78,703 (Feb)


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