In the first round of bidding for February, Certificate of Entitlement (COE) premiums for Cat A and B held mostly steady, while premiums for Cat E slipped.

The total number of bids submitted this session for both Cat A and Cat B was higher than the last bidding session, however, premiums for both categories continued to hold steady. The suggested higher demand from the increased number of bidders could have been countered by the increased quota for both categories this quarter.

Bidders could also have opted to bid for Cat B COEs instead of Cat E COEs this session, as a result of the announced tightening of supply for Cat E COE this quarter, possibly explaining the final premium for Cat E COEs this session.

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

Cat A COE - No change this session

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, held steady this session, maintaing at exactly $86,000 (0.0%).

This means premiums for the category now stand at 10% above the 12-month trailing average. This price is now at the 63^rd 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 30%, lower than the 12-month average of 41% for the category.

Cat B COE - Just a $42 climb

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 mostly held steady this session. Premiums in the category rose by $42 (0.04%), to reach $105,501.

This small climb in premiums for the category has brought the current price to 2.5% 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 34%, significantly lower than the 12-month average figure for this category of 41%.

Cat C COE - An $8,010 climb

Premiums for Cat C, for goods vehicles and buses, climbed this session by $8,010 (10.4%), to close at $85,119.

The number of unsuccessful bids this round exceeded the available quota by 145%, higher than the 12-month average for this category of 106%.

Cat E COE - A $1,998 slip this session

Cat E, the open category, slipped only by $1,998 (1.9%) this session. This slip sees the premium for the category ending at $105,002.

This new slip means current premiums for the category are now at 0.2% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 87%. The 12-month average for this figure for the category is 67%.

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.

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✅ Interest Rate typically starts from 1.88% 
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✅ Settlement of entire COE renewal paperwork