COE climbs across the board; Cat A COE passes $100,000 mark while Cat B and E COE climb above $120,000
19 Apr 2023|3,407 views
CAT | Premium | Change | Quota | No. of bids |
A | $103,721 | ▲ $7,220 | 507 | 750 |
B | $120,889 | ▲ $2,388 | 430 | 553 |
C | $75,334 | ▼ $1,467 | 51 | 116 |
E | $124,501 | ▲ $5,511 | 137 | 252 |
In the second round of bidding for April, Certificate of Entitlement (COE) premiums climbed across all private car categories. This latest climb sees premiums for Cat A now crossing the $100,000 mark, while premiums for Cat B and E have now exceed $120,000.
The 2023 Cars@Expo automotive fair, and the various discounts offered by the dealers at the event could have spurred new car buying interest across the past week. The recent launch of the 100kW BYD Atto 3 as well as the 129bhp Volkswagen Golf here could also explain the significant rise in premiums for the Cat A category this session.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Crossing 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, saw the greatest jump this session, rising by a total of $7,220 (7.5%) to end at $103,721.
This climb means premiums for the category now stand at 25.5% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of unsuccessful bids this round by 48%, higher than the 12-month average of 37% for the category.
Cat B COE - Also hitting new highs
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 climbed this session, albeit less dramatically. Premiums for the category rose by a total of $2,388 (2.0%) this session, to reach $120,889.
This jump sees premiums for the category now standing at 13% above the 12-month trailing average.
The total number of unsuccessful bids this round exceed the quota available by 29%, lower than the 12-month average figure for this category of 40%.
Cat C COE - Still headed downwards
Premiums for Cat C, for goods vehicles and buses, slipped this session by $1,467 (1.9%) to close at $75,334.
The number of unsuccessful bids this round exceeded the available quota by 127%, higher than the 12-month average for this category of 110%.
Cat E COE - Climbing with the rest
Cat E, the open category, also climbed this session along with the other private car categories. Premiums for the category rose by $5,511 (4.6%). This move has brought the current premium for the category to $124,501.
This new climb means current premiums for the category are now at 14.5% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 84%. The 12-month average for this figure for the category is 72%.
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 | $86,677 (Apr) $92,381 (May) |
B | $109,948 (Apr) $115,270 (May) |
C | $83,969 (Apr) $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
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
CAT | Premium | Change | Quota | No. of bids |
A | $103,721 | ▲ $7,220 | 507 | 750 |
B | $120,889 | ▲ $2,388 | 430 | 553 |
C | $75,334 | ▼ $1,467 | 51 | 116 |
E | $124,501 | ▲ $5,511 | 137 | 252 |
The 2023 Cars@Expo automotive fair, and the various discounts offered by the dealers at the event could have spurred new car buying interest across the past week. The recent launch of the 100kW BYD Atto 3 as well as the 129bhp Volkswagen Golf here could also explain the significant rise in premiums for the Cat A category this session.
Get data on past COE bidding exercises at our COE bidding results page.
Cat A COE - Crossing 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, saw the greatest jump this session, rising by a total of $7,220 (7.5%) to end at $103,721.
This climb means premiums for the category now stand at 25.5% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of unsuccessful bids this round by 48%, higher than the 12-month average of 37% for the category.
Cat B COE - Also hitting new highs
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 climbed this session, albeit less dramatically. Premiums for the category rose by a total of $2,388 (2.0%) this session, to reach $120,889.
This jump sees premiums for the category now standing at 13% above the 12-month trailing average.
The total number of unsuccessful bids this round exceed the quota available by 29%, lower than the 12-month average figure for this category of 40%.
Cat C COE - Still headed downwards
Premiums for Cat C, for goods vehicles and buses, slipped this session by $1,467 (1.9%) to close at $75,334.
The number of unsuccessful bids this round exceeded the available quota by 127%, higher than the 12-month average for this category of 110%.
Cat E COE - Climbing with the rest
Cat E, the open category, also climbed this session along with the other private car categories. Premiums for the category rose by $5,511 (4.6%). This move has brought the current premium for the category to $124,501.
This new climb means current premiums for the category are now at 14.5% above the 12-month trailing average.
The number of unsuccessful bids this round exceeded the available quota by 84%. The 12-month average for this figure for the category is 72%.
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 | $86,677 (Apr) $92,381 (May) |
B | $109,948 (Apr) $115,270 (May) |
C | $83,969 (Apr) $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
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
Latest COE Prices
May 2024 | 1st BIDDING
NEXT TENDER: 23 May 2024
CAT A$93,604
CAT B$105,002
CAT C$70,001
CAT E$104,689
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