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  • COE premiums slip across all private car categories even as supply tightens

    04 May 2023

    |

    4,246 views

    In the first Certificate of Entitlement bidding round for May, premiums slipped across the board for all private car categories.

    CATPremiumChangeQuotaNo. of bids
    A$101,001▼  $2,720 474663
    B$119,399▼  $1,490 410513
    C$75,589▲   $255  68109
    E$124,002▼   $499  125271
    In the first round of bidding for May, Certificate of Entitlement (COE) premiums slipped across all private car categories despite the reduction in COE supply for private cars for this quarter. Despite this drop in premiums, COE premiums for Cat A are still above $100,000 mark, while premiums for Cat B and E still remain close to $120,000 after reaching record levels last session.

    Bidders may have opted to bid more conservatively this session in response to the new reduction in COE supply announced for this quarter. This may also explain the reduction in the number of bids submitted across the categories for this session compared to the last.

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

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

    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, took the greatest slip this session, falling by a total of $2,720 (2.6%) to end at $101,001.

    This slip means premiums for the category now stand at 20.1% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 40%, higher than the 12-month average of 37% for the category.

    Cat B COE - Easing from last session's high

    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 slipped this session. Premiums for the category fell by a total of $1,490 (1.2%) this session, to reach $119,399.

    This drop sees premiums for the category now standing at 10.2% above the 12-month trailing average.

    The total number of unsuccessful bids this round exceed the quota available by 25%, lower than the 12-month average figure for this category of 40%.

    Cat C COE - The only one to climb this session

    Premiums for Cat C, for goods vehicles and buses, climbed this session by $255 (0.7%) to close at $75,589.

    The number of unsuccessful bids this round exceeded the available quota by 60%, lower than the 12-month average for this category of 110%.

    Cat E COE - A $499 slip this session

    Cat E, the open category, also slipped this session along with the other private car categories. Premiums for the category fell only by $499 (0.4%). This move has brought the current premium for the category to $124,002.

    This slip means current premiums for the category are now at 12.8% above the 12-month trailing average.

    The number of unsuccessful bids this round exceeded the available quota by 117%. The 12-month average for this figure for the category is 73%.

    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.

    CategoryPrevailing Quota Premium
    A$92,381 (May)
    B$115,270 (May)
    C$83,589 (May)

    If you're looking for a fuss-free option to renew your car's COE, Sgcarmart provides free COE renewal advice, which includes 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 2.88% 
    ✅ 100% PQP Financing 
    ✅ Settlement of entire COE renewal paperwork

    ctaimage

    Sgcarmart

    Get COE Renewal Advice, Loans & Paperwork

    We help you renew your COE and find the best loan rates in Singapore.

    • Complimentary pre-COE inspection
    • Settlement of entire COE renewal paperwork

    Get started link red arrow
    24.4k

    Tags

    certificate of entitlement coe singapore coe prices coe premiums coe may coe 2023 coe bidding

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    • Car Articles
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    COE premiums slip across all private car categories even as supply tightens

    04 May 2023

    |

    4,246 views

    In the first Certificate of Entitlement bidding round for May, premiums slipped across the board for all private car categories.

    CATPremiumChangeQuotaNo. of bids
    A$101,001▼  $2,720 474663
    B$119,399▼  $1,490 410513
    C$75,589▲   $255  68109
    E$124,002▼   $499  125271
    In the first round of bidding for May, Certificate of Entitlement (COE) premiums slipped across all private car categories despite the reduction in COE supply for private cars for this quarter. Despite this drop in premiums, COE premiums for Cat A are still above $100,000 mark, while premiums for Cat B and E still remain close to $120,000 after reaching record levels last session.

    Bidders may have opted to bid more conservatively this session in response to the new reduction in COE supply announced for this quarter. This may also explain the reduction in the number of bids submitted across the categories for this session compared to the last.

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

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

    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, took the greatest slip this session, falling by a total of $2,720 (2.6%) to end at $101,001.

    This slip means premiums for the category now stand at 20.1% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 40%, higher than the 12-month average of 37% for the category.

    Cat B COE - Easing from last session's high

    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 slipped this session. Premiums for the category fell by a total of $1,490 (1.2%) this session, to reach $119,399.

    This drop sees premiums for the category now standing at 10.2% above the 12-month trailing average.

    The total number of unsuccessful bids this round exceed the quota available by 25%, lower than the 12-month average figure for this category of 40%.

    Cat C COE - The only one to climb this session

    Premiums for Cat C, for goods vehicles and buses, climbed this session by $255 (0.7%) to close at $75,589.

    The number of unsuccessful bids this round exceeded the available quota by 60%, lower than the 12-month average for this category of 110%.

    Cat E COE - A $499 slip this session

    Cat E, the open category, also slipped this session along with the other private car categories. Premiums for the category fell only by $499 (0.4%). This move has brought the current premium for the category to $124,002.

    This slip means current premiums for the category are now at 12.8% above the 12-month trailing average.

    The number of unsuccessful bids this round exceeded the available quota by 117%. The 12-month average for this figure for the category is 73%.

    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.

    CategoryPrevailing Quota Premium
    A$92,381 (May)
    B$115,270 (May)
    C$83,589 (May)

    If you're looking for a fuss-free option to renew your car's COE, Sgcarmart provides free COE renewal advice, which includes 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 2.88% 
    ✅ 100% PQP Financing 
    ✅ Settlement of entire COE renewal paperwork

    ctaimage

    Sgcarmart

    Get COE Renewal Advice, Loans & Paperwork

    We help you renew your COE and find the best loan rates in Singapore.

    • Complimentary pre-COE inspection
    • Settlement of entire COE renewal paperwork

    Get started link red arrow
    24.4k

    Tags

    certificate of entitlement coe singapore coe prices coe premiums coe may coe 2023 coe bidding

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    Latest COE Prices

    September 2026 | 2nd BIDDING
    NEXT TENDER: 07 Oct 2026
    CAT A
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    CAT B
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    Latest COE Prices

    September 2026 | 2nd BIDDING
    NEXT TENDER: 07 Oct 2026
    CAT A
    $131,890
    CAT B
    $133,000
    CAT C
    $92,144
    CAT E
    $137,000
    View Full Results

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