COE surges ahead in all categories, Cat B and E premiums now close to $100k

 

CAT	Premium	Change	Quota	No. of bids
A	$71,556	▲ $3,055	543	849
B	$98,889	▲ $4,000	555	824
C	$51,504	▲ $2,615	91	166
E	$99,010	▲  $120	180	344

In the second round of bidding for March, Certificate of Entitlement (COE) prices rose across all categories.

The launch of the BMW 2 Series Active Tourer, a popular nameplate here in Singapore, could have contributed to rising premiums for Cat B COE.

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

Cat A COE - Still climbing upwards

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, rose by $3,055 (4.5 per cent) to end at $71,556 this session.

This sustained rise sees the current premium standing at 38.9 per cent above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 56 per cent, higher than the 12-month average of 44 per cent for the category.

Cat B COE - A $4,000 climb this session

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, took the highest climb this session, rising by $4,000 (4.2 per cent) to reach a $98,889.

This eighth consecutive jump in premiums for the category has brought the current price to 42.4 per cent above the 12-month trailing average.

This total number of unsuccessful bids this round exceeding the quota available by 48 per cent. The 12-month average figure for this category is currently 43 per cent.

Cat C COE - Also still climbing upward

Premiums for Cat C, for goods vehicles and buses, rose by $2,615 this session (5.4 per cent), closing at $51,504.

The number of unsuccessful bids this round exceeded the available quota by 82 per cent, lower than the 12-month average for this category of 92 per cent.

Cat E COE - Climbing ever closer to the $100,000 mark

Cat E, the open category, held steady this session, rising by $120 (0.1 per cent) to bring the premium to $99,010.

This rise sees premiums for the category now reaching 37.4 per cent above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 91 per cent. The 12-month average for this figure for the category is 66 per cent.

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.