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In the second Certificate of Entitlement bidding round for May, premiums for Cat A and B slip while those for Cat E climbed.
17 May 2023 | Local News : Singapore
| CAT | Premium | Change | Quota | No. of bids |
| A | $92,000 | ▼ $9,001 | 596 | 936 |
| B | $113,034 | ▼ $6,365 | 480 | 713 |
| C | $77,501 | ▲ $1,912 | 72 | 148 |
| E | $125,000 | ▲ $998 | 125 | 301 |
In the second round of bidding for May, Certificate of Entitlement (COE) premiums slipped for Cat A and B, while premiums for Cat E continued to climb. Premiums for Cat A have dropped below the $100,000 mark, which they first surpassed in the second bidding round of April 2023.
The fall in premiums for Cat A and B is likely due to the raised supply announced in 8 May 2023. The quota available for this session for Cat A and B is 596 and 480 respectively, a sizable increase next to the 474 and 410 COE available for the respective categories last session.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Dipping below $100,000
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 a sizable slip this session, falling by a total of $9,001 (8.9%) to end at $92,000.This slip means premiums for the category now stand at just 7.8% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 57%, higher than the 12-month average of 52% for the category.
Cat B COE - Taking a $6,365 slip
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 took a sizable slip this session. Premiums for the category fell by a total of $6,365 (5.3%) this session to reach $113,034.This slip sees premiums for the category now standing at just 3.3% above the 12-month trailing average.
The total number of unsuccessful bids this round exceed the quota available by 49%, higher than the 12-month average figure for this category of 40%.
Cat C COE - Climbing $1,912
Premiums for Cat C, for goods vehicles and buses, climbed this session by $1,921 (2.5%) to close at $77,501.
The number of unsuccessful bids this round exceeded the available quota by 106%, lower than the 12-month average for this category of 109%.
Cat E COE - Still climbing
Cat E, the open category, was the only private car category to climb this session. Premiums for the category grew by $998 (0.8%). This move has brought the current premium for the category to $125,000.This climb 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 141%. The 12-month average for this figure for the category is 76%.
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 | $92,381 (May) $95,788 (Jun) |
| B | $115,270 (May) $117,255 (Jun) |
| C | $83,589 (May) $80,286 (Jun) |
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