Here's everything you need to know about COE Renewal in Singapore. Renew for 5 or 10 years? Taking the best COE renewal loan, when to renew your COE and more.
The past quarter saw Cat A shooting past $100,000 in May following The Car Expo, despite the current period benefitting from an increased COE supply.
Amidst increases in both COE supply and car-buying demand recently, premiums have continued to float around the $100,000 line for all categories.
Despite the increased supply, COE premiums have still been on a steady rise in recent months - but could further relief be on its way now?
In Singapore, besides COE and QP, you may also have encountered the term "Prevailing Quota Premium" (PQP). What is it exactly?
It appears that the end of sky-high premiums may not yet be in sight, as slowing de-registrations suggest that the COE quota for May to July is set to fall.
While premiums have cooled off this week, the continued upwards trajectory for Cats A, B and E recently has still been undeniable - and unprecedented.
With higher vehicle deregistrations for July and the return of quota of the suspended COE bidding, COE supply is set to increase for Nov-2020 to Jan-2021.
For the second round of bidding in May, COE premiums for Cat A and B see a slight decrease while premiums for Cat E go up by $100.
The car COE quota for the February to April 2018 period will shrink by 3.5 percent to a monthly average of 5,894, down from 6,108.
According to the Land Transport Authority, more vehicle owners are deciding to extend the lifespan of their vehicles beyond 10 years.
Senior Minister of State for Transport Lam Pin Min said that the plan to reduce Singapore's vehicle population growth will not majorly affect COE prices.
Certificate of Entitlement supply for the November to January quota period will shrink for all vehicle categories except for motorcycles.
For the first round of bidding for September, COE premiums continue to drop for Cat A, B and E, with Cat A prices hitting a new low.
The latest increase in COE premiums came on the back of a smaller quota for all categories of COEs except motorbikes, for the August to October period.
For the second round of bidding in July, COE premiums for Cat A, Cat B and Cat E see a slight increase since the last tender.
Certificate of Entitlement supply for the next three months will decrease slightly - with an average of 9,122 per month - starting from August.
For the first round of bidding in July, COE premiums for Cat A stay the same while Cat B and Cat E prices see a slight increase.
For the second round of bidding in June, COE premiums fall across the board, with Cat A prices falling to their lowest since February 2016.
While the COE prices for other categories of vehicles ended mostly lower, the premium for commercial vehicles closed at $38,501, up from $30,600 previously.