Premiums for Cat A COEs Surge While Other Categories Experience Mixed Results

In the second bidding exercise for February 2025, premiums for Category A Certificates of Entitlement (COEs) experienced a notable increase, reversing the trend seen in previous rounds. The premium for Cat A COEs, which are used for cars with engines up to 1,600cc and electric vehicles (EVs) with power outputs of up to 110kW, rose sharply by $7,850, finishing at $92,859.

In contrast, the premiums for Category B COEs, which cover cars with larger engines or higher horsepower (over 130hp), and EVs with outputs exceeding 110kW, saw a decline. This category’s premium dropped by $1,506, ending at $109,598.

The other categories saw varied results. For Category C, used for goods vehicles and buses, premiums increased by $2,683, closing the bidding at $65,189. Category D, reserved for motorcycles, also saw a rise of $502, with its premium ending at $8,791.

Meanwhile, Category E, which applies to all vehicles except motorcycles, experienced a modest increase of just $2, bringing its premium to $110,002.

Here’s a breakdown of the changes for the second COE bidding exercise in February 2025:

Category A: Premium rose by $7,850, from $85,000 to $92,850.
Category B: Premium decreased by $1,506, from $111,104 to $109,598.
Category C: Premium rose by $2,683, from $62,506 to $65,189.
Category D: Premium rose by $502, from $8,289 to $8,791.
Category E: Premium rose by $2, from $110,000 to $110,002.
PQP (Prevailing Quota Premium) refers to the moving average of COE prices over the last three months and indicates the amount required to renew a car’s COE at the end of its tenure.