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.


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.

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