February 2025 COE Results 1st Bidding: The COE snake slithers downwards, with premiums falling across the board except in Category D
In the first COE bidding exercise of February 2025, Cat A closed at $85,000; Cat B closed at $111,104; Cat C closed at $62,506; Cat D closed at $8,289; while Cat E closed at $110,000.
Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,446 bids for 1,138 COEs and its premium dipped by $8,601. Category A COE closed at $85,000.
Cat B (car above 1600cc or 130bhp, and EV with more than 110kW) received 1,007 bids for 748 COEs and its premium dipped by $5,521. Category B COE closed at $111,104.
Cat C (goods vehicle and bus) received 394 bids for 260 COEs and its premium decreased by $2,970. Category C COE closed at $62,506.
Cat D (motorcycle) received 718 bids for 524 COEs and its premium increased by $568. Category D COE closed at $8,289.
Lastly, Cat E (all vehicles except motorcycle) received 369 bids for 199 COEs and dipped by $5,112. Category E COE closed at $110,000.
Here is a summary of the first COE bidding exercise for February 2025:
Category |
Current COE |
Previous COE |
Difference |
PQP |
|---|---|---|---|---|
| A – car up to 1600cc & 130bhp, and EV up to 110kW | $85,000 | $93,601 |
– $8,601 |
$97,747 (Jan 2025) $94,513 (Feb 2025) |
| B – car above 1600cc or 130bhp, and EV above 110kW | $111,104 |
$116,625 |
– $5,521 |
$109,164 (Jan 2025) $110,537 (Feb 2025) |
| C – goods vehicle and bus | $62,506 | $65,476 |
– $2,970 |
$70,912 (Jan 2025) $68,481 (Feb 2025) |
| D – motorcycle | $8,289 | $7,721 |
+ $568 |
$8,935 (Jan 2025) $8,457 (Feb 2025) |
| E – all vehicles except motorcycle | $110,000 | $115,112 |
– $5,112 |
Not applicable |
Next round of COE bidding starts on 17 February 2025 at 12pm, with the results out on 19 February 2025 at 4pm.
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