Prices drop across all COE categories in second bidding for January 2025

Prices drop across all COE categories in second bidding for January 2025

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Certificate of Entitlement (COE) premiums saw decreases across the board in the second bidding exercise for January 2025, with the largest drop of almost $8,000 coming in Cat E.

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 down by $98 to end the bidding exercise at $93,601.

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 go down by $4,876 to end at $116,625.

Cat C, which are for goods vehicles and buses, saw prices go down by $2,415 to end the bidding exercise at $65,476.

Cat D, which are reserved for motorcycles, went down by $1,280 to close at $7,721.

Finally, Cat E, which is open to all vehicles except motorcycles, experienced the largest drop this round, with premiums going down by $7,888 to finish the exercise at $115,112.

Here’s a summary of the second COE bidding exercise for January 2025:









Category Current COE Previous COE Difference PQP*
A $93,601 $93,699 -$98 $97,747 (Jan)

$94,513 (Feb)
B $116,625 $121,501 -$4,876 $109,164 (Jan)

$110,537 (Feb)
C $65,476 $67,891 -$2,415 $70,912 (Jan)

$68,481 (Feb)
D $7,721 $9,001 -$1,280 $8,935 (Jan)

$8,457 (Feb)
E $115,112 $123,000 -$7,888 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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