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In the first Certificate of Entitlement bidding round for January, premiums for Cat A and B held steady while those for Cat E slipped.
08 Feb 2023 | Local News : Singapore
| CAT | Premium | Change | Quota | No. of bids |
| A | $86,000 | – $0 | 509 | 662 |
| B | $105,501 | ▲ $42 | 430 | 578 |
| C | $85,119 | ▲ $8,010 | 44 | 108 |
| E | $105,002 | ▼ $1,998 | 129 | 229 |
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 63rd 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 52nd 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.
| Category | Prevailing Quota Premium |
| A | $86,723 (Feb) |
| B | $108,373 (Feb) |
| C | $78,703 (Feb) |
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