Cat B and E COE premiums see steep increase ahead of Singapore Motorshow in first bidding for January 2025
PHOTO: Unsplash
PUBLISHED ONJanuary 08, 2025 8:17 AMByTan Jia Jun
Certificate of Entitlement (COE) premiums saw a sharp rise in categories B and E in the first bidding exercise for January 2025, ahead of the Singapore Motorshow which opens on Thursday (Jan 9).
Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, bucked the trend and went down by $2,301 to end the bidding exercise at $93,699.
Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going up by $12,501 to end at $121,501.
Cat C, which are for goods vehicles and buses, saw prices went down by $1,999 to end the bidding exercise at $67,891.
Cat D, which are reserved for motorcycles, went up by $620 to close at $9,001.
Finally, Cat E, which is open to all vehicles except motorcycles, saw the largest rise this round, with premiums going up by $14,008 to finish the exercise at $123,000.
Here's a summary of the first COE bidding exercise for January 2025:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $93,699 | $96,000 | -$2,301 | $97,747 (Jan) |
| B | $121,501 | $109,000 | +$12,501 | $109,164 (Jan) |
| C | $67,891 | $69,890 | -$1,999 | $70,912 (Jan) |
| D | $9,001 | $8,381 | +$620 | $8,935 (Jan) |
| E | $123,000 | $108,992 | +$14,008 | Not applicable |
*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.
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