Category A Certificate of Entitlement (COE) premiums rebounded in the first bidding exercise for December 2024, while Cat B and E COEs continued their downward trend with their fourth consecutive decline in prices.
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, went up by $4,111 to end the bidding exercise at $94,000.
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 down by $2,071 to end at $103,010.
Cat C, which are for goods vehicles and buses, saw prices went up by $1,289 to end the bidding exercise at $70,289.
Cat D, which are reserved for motorcycles, went down by $791 to close at $7,878.
Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go down by $3,500 to finish the exercise at $104,001.
Here’s a summary of the first COE bidding exercise for December 2024:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $94,000 | $89,889 | +$4,111 | $98,582 (Dec) |
| B | $103,010 | $105,081 | -$2,071 | $109,880 (Dec) |
| C | $70,289 | $69,000 | +$1,289 | $72,215 (Dec) |
| D | $7,878 | $8,669 | -$791 | $9,509 (Dec) |
| E | $104,001 | $107,501 | -$3,500 | 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.
jiajun.tan@asiaone.com
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