COE Results and Prices 2024

Latest Update: COE on December 18, 2024

The Certificate of Entitlement (COE) bidding results are crucial for anyone looking to own a vehicle in Singapore.

These results determine the success of your COE bid, impacting the overall cost of vehicle ownership.

Stay updated with the latest COE results to make informed decisions and navigate the competitive COE market effectively.

Results will be out on 18 December 2024 (Wed), 4pm

Latest COE Prices in December 2024
COE CAT	Price	Change
Cat A	$96,000	+ $2,000
Cat B	$109,000	+ $5,990
Cat C	$69,890	– $399
Cat D	$8,381	+ $503
Cat E	$108,992	+ $4,991

PQP for January 2025
COE CAT	Price
Cat A	$97,747
Cat B	$109,164
Cat C	$70,912
Cat D	$8,935

Certificate of Entitlement (COE)

In Singapore, the Certificate of Entitlement (COE) allows a person to buy a vehicle. The COE system manages the number of vehicles and helps control road traffic. To buy a vehicle, a person must bid for and get a COE from the Land Transport Authority (LTA). The COE is valid for 10 years. After 10 years, the owner must renew the COE to keep using the vehicle. Owners can renew the COE for another 5 or 10 years. The renewal cost is based on the Prevailing Quota Premium (PQP), which is the average price over the last three months.

If you renew your vehicle for another 5 years, once it is up, you must scrap it.
If you renew your vehicle for another 10 years, you can renew it again after that for another 5 or 10 years.

In Singapore, there are a total of five different categories and to own and operate a vehicle, you need a COE for the matching category:

Category	Criteria	Details	PQP Payment for COE Renewals
A	Before May 2022	Car with engine capacity up to 1,600cc and Maximum Power Output up to 97kW (130bhp)	Category A PQP for cars with engine capacity up to 1,600cc and Maximum Power Output up to 97kW (130bhp)
A	From May 2022	Non-fully electric cars with engines up to 1,600cc and Maximum Power Output up to 97kW (130bhp); Fully electric cars with Maximum Power Output up to 110kW (147bhp)	Category A PQP for non-fully electric cars with engines up to 1,600cc and Maximum Power Output up to 97kW (130bhp); and fully electric cars with Maximum Power Output up to 110kW (147bhp)
B	Before May 2022	Car with engine capacity above 1,600cc or Maximum Power Output above 97kW (130bhp)	Category B PQP for cars with engine capacity above 1,600cc or Maximum Power Output above 97kW (130bhp)
B	From May 2022	Non-fully electric cars with engines above 1,600cc or Maximum Power Output above 97kW (130bhp); Fully electric cars with Maximum Power Output above 110kW (147bhp)	Category B PQP for non-fully electric cars with engines above 1,600cc or Maximum Power Output above 97kW (130bhp); and fully electric cars with Maximum Power Output above 110kW (147bhp)

Category C – Goods carrying vehicles and buses
Category D – Motorcycles
Category E – This is an “open category” COE, which can be used for all of the above.

*Note that the categories cannot cross each other (e.g buying a Category D Motorcycle and Driving a Category A Car) In addition to the COE, vehicle owners in Singapore must also pay other fees, such as insurance, road tax and an additional registration fee, in order to register and use their vehicles on the road. One motoring website will announce if there are any changes. *Prices are all in SGD

COE Prices 2024 Singapore
COE	CAT A	CAT B	CAT C	CAT D	CAT E
18 Dec’24	$96,000	$109,000	$69,890	$8,381	$108,992
4 Dec’24	$94,000	$103,010	$70,289	$7,878	$104,001
20 Nov’24	$89,889	$105,081	$69,000	$8,669	$107,501
6 Nov’24	$99,889	$108,001	$68,340	$9,089	$109,000
23 Oct’24	$102,900	$113,890	$72,939	$9,589	$114,700
9 Oct’24	$103,799	$116,002	$75,009	$10,001	$116,000
18 Sep’24	$98,524	$110,001	$74,000	$9,900	$113,104
4 Sep’24	$96,490	$106,300	$74,001	$9,801	$106,901
21 Aug’24	$93,900	$105,889	$72,400	$9,310	$106,001
7 Aug’24	$94,289	$106,101	$71,100	$9,601	$105,239
17 Jul’24	$91,899	$100,000	$70,001	$9,089	$100,341
3 Jul’24	$91,001	$100,901	$70,601	$8,900	$100,889
20 Jun’24	$90,889	$102,334	$69,900	$9,002	$100,000
5 Jun’24	$88,200	$100,607	$70,589	$8,989	$101,600
23 May’24	$92,700	$105,689	$72,001	$9,311	$105,002
8 May’24	$93,604	$105,002	$70,001	$9,503	$104,689
17 Apr’24	$94,010	$102,001	$68,502	$9,990	$103,249
3 Apr’24	$89,000	$101,334	$67,501	$10,000	$101,002
20 Mar’24	$85,489	$96,011	$70,112	$9,689	$95,856
6 Mar’24	$83,000	$96,010	$75,599	$9,400	$95,010
21 Feb’24	$76,801	$97,000	$73,001	$8,911	$94,006
7 Feb’24	$79,000	$102,338	$72,001	$9,290	$100,101
17 Jan’24	$81,589	$112,000	$68,001	$9,309	$109,004
4 Jan’24	$65,010	$85,010	$67,599	$9,114	$106,388

COE Prices 2023
COE	CAT A	CAT B	CAT C	CAT D	CAT E
20 Dec’23	$85,000	$110,001	$69,423	$9,002	$118,388
6 Dec’23	$88,020	$130,100	$71,001	$9,858	$133,388
22 Nov’23	$85,001	$135,336	$73,889	$10,001	$135,002
8 Nov’23	$95,689	$110,001	$78,001	$10,889	$125,011
18 Oct’23	$106,000	$150,001	$84,790	$11,201	$158,004
4 Oct’23	$104,000	$146,002	$85,900	$10,856	$152,000
20 Sep’23	$105,000	$140,889	$83,801	$10,700	$144,640
6 Sep’23	$101,000	$134,889	$82,889	$10,901	$137,000
23 Aug’23	$100,000	$129,890	$82,801	$11,402	$131,000
10 Aug’23	$99,499	$126,889	$82,100	$11,501	$126,201
19 Jul’23	$95,202	$118,001	$82,001	$10,501	$122,110
5 Jul’23	$97,000	$118,002	$82,223	$10,090	$121,000
21 Jun’23	$96,206	$121,000	$83,140	$10,709	$123,000
7 Jun’23	$98,001	$120,702	$81,801	$11,001	$120,889
17 May’23	$92,000	$113,034	$77,501	$10,602	$125,000
4 May’23	$101,001	$119,399	$75,589	$5,002	$124,002
19 Apr’23	$103,721	$120,889	$75,334	$12,179	$124,501
5 Apr’23	$96,501	$118,501	$76,801	$12,001	$118,990
22 Mar’23	$93,503	$116,201	$85,389	$12,001	$116,020
8 Mar’23	$88,000	$115,501	$91,101	$12,390	$116,000
22 Feb’23	$86,556	$115,001	$87,790	$12,189	$118,001
8 Feb’23	$86,000	$105,524	$85,119	$11,602	$105,002
18 Jan’23	$86,000	$105,459	$77,109	$11,101	$107,000
5 Jan’23	$80,000	$102,002	$77,301	$10,890	$107,889

COE Prices 2022
COE	CAT A	CAT B	CAT C	CAT D	CAT E
21 Dec’22	$88,007	$108,006	$78,200	$11,690	$109,600
7 Dec’22	$88,503	$105,501	$81,501	$12,100	$110,524
23 Nov’22	$90,589	$113,881	$81,802	$12,589	$114,009
9 Nov’22	$87,235	$115,388	$76,302	$13,189	$116,577
19 Oct’22	$81,089	$110,000	$70,201	$12,801	$108,003
5 Oct’22	$80,501	$95,856	$65,991	$11,751	$105,001
21 Sep’22	$84,000	$108,004	$67,001	$11,551	$107,000
7 Sep’22	$86,000	$113,000	$64,989	$11,301	$113,299
17 Aug’22	$87,889	$112,001	$59,090	$11,101	$112,001
3 Aug’22	$80,000	$107,001	$56,089	$11,000	$113,000
20 Jul’22	$78,899	$110,003	$54,889	$10,910	$114,001
6 Jul’22	$78,001	$107,800	$54,001	$10,889	$110,524
22 Jun’22	$74,989	$106,001	$53,011	$10,302	$104,400
8 Jun’22	$73,801	$100,684	$53,002	$10,000	$100,697
19 May’22	$68,001	$95,889	$51,501	$9,490	$95,901
6 May’22	$70,901	$92,090	$50,890	$9,489	$91,112
20 Apr’22	$68,699	$90,002	$52,002	$9,801	$95,801
6 Apr’22	$72,996	$98,389	$54,901	$10,503	$99,999
23 Mar’22	$71,556	$98,889	$51,504	$10,501	$99,010
9 Mar’22	$68,501	$94,889	$48,889	$11,400	$98,890
23 Feb’22	$63,000	$93,590	$46,501	$10,589	$93,102
9 Feb’22	$60,761	$86,102	$44,001	$10,010	$87,000
19 Jan’22	$57,898	$82,001	$43,001	$10,000	$83,911
5 Jan’22	$57,599	$77,700	$42,200	$9,689	$82,501

COE Prices, Bidding and Results

Every month there will be two bidding exercises starting on the first Monday and third of the month. It will be starting on Monday at 12 pm and ends on Wednesday at 4 pm. There will be exceptions made if there are any public holidays happening in between Monday to Wednesday for the bidding week. For example, during the 2020 covid situation there was no bidding exercise from April 2020 to June 2020 for 3 months.

Below are the past years of COE prices for which you can refer to how much it has increased and decreased over the years.

COE Prices 2021
COE	CAT A	CAT B	CAT C	CAT D	CAT E
22 Dec ’21	$58,801	$80,989	$44,000	$9,601	$83,889
8 Dec’21	$57,010	$80,401	$45,000	$9,401	$85,000
17 Nov’21	$55,001	$79,601	$43,502	$9,381	$86,001
3 Nov’21	$53,709	$82,801	$42,001	$9,381	$88,000
20 Oct’21	$52,709	$80,210	$40,501	$9,310	$85,000
6 Oct’21	$47,001	$70,200	$38,890	$9,052	$72,756
22 Sep’21	$48,000	$68,310	$39,000	$9,089	$70,002
8 Sep’21	$47,000	$62,600	$40,001	$9,689	$64,700
18 Aug’21	$46,689	$61,001	$40,010	$9,500	$64,901
4 Aug’21	$45,189	$56,001	$42,589	$8,899	$59,599
22 Jul’21	$47,010	$59,501	$39,523	$8,689	$60,001
7 Jul’21	$45,001	$56,100	$38,900	$8,502	$57,700
9 Jun’21	$47,821	$56,032	$37,000	$8,501	$58,001
3 Jun’21	$48,510	$60,109	$37,002	$8,703	$61,112
19 May’21	$41,801	$58,089	$41,701	$8,701	$62,000
5 May’21	$48,002	$60,001	$43,001	$8,011	$63,002
21 Apr’21	$49,640	$61,190	$44,001	$8,000	$62,100
7 Apr’21	$45,600	$52,309	$36,134	$8,000	$52,200
17 Mar’21	$44,589	$47,001	$39,589	$7,791	$47,806
3 Mar’21	$41,996	$45,001	$37,513	$7,752	$47,001
17 Feb’21	$41,001	$46,002	$40,890	$7,500	$47,506
3 Feb’21	$42,000	$46,790	$45,001	$7,506	$49,778
20 Jan’21	$43,501	$50,100	$40,999	$7,589	$51,900
6 Jan’21	$40,609	$49,001	$35,900	$7,501	$49,489

COE Prices 2020
COE	CAT A	CAT B	CAT C	CAT E
23 Dec’20	$40,556	$49,300	$35,201	$49,500
9 Dec’20	$40,714	$45,012	$32,889	$45,510
18 Nov’20	$37,690	$41,101	$30,334	$41,503
4 Nov’20	$35,990	$39,000	$31,502	$39,500
21 Oct’20	$37,334	$40,990	$33,778	$39,889
7 Oct’20	$36,534	$40,690	$33,089	$40,301
23 Sep’20	$38,504	$40,989	$28,589	$41,001
9 Sep’20	$37,766	$41,510	$26,644	$40,790
19 Aug’20	$35,710	$38,802	$25,006	$38,110
5 Aug’20	$33,000	$37,102	$24,100	$36,502
22 Jul’20	$32,699	$35,001	$23,888	$35,001
8 Jul’20	$33,520	$35,889	$24,502	$34,989
18 Mar’20	$31,210	$30,012	$22,002	$32,500
4 Mar’20	$32,699	$32,801	$24,202	$32,500
19 Feb’20	$32,999	$32,889	$25,001	$33,301
5 Feb’20	$30,010	$30,890	$25,013	$34,900
22 Jan’20	$35,010	$37,705	$25,001	$37,500
8 Jan’20	$35,320	$37,109	$24,402	$38,000

COE Prices 2019
COE	CAT A	CAT B	CAT C	CAT E
18 Dec’19	$32,889	$36,000	$23,200	$37,989
4 Dec’19	$33,009	$37,900	$23,704	$38,889
20 Nov’19	$32,000	$39,700	$24,502	$40,889
6 Nov’19	$30,000	$40,009	$25,392	$40,101
23 Oct’19	$32,309	$41,805	$26,001	$42,020
9 Oct’19	$34,001	$41,361	$26,509	$41,001
18 Sep’19	$31,759	$37,000	$25,556	$40,000
4 Sep’19	$31,783	$36,001	$25,502	$37,912
21 Aug’19	$31,917	$38,602	$26,501	$40,002
7 Aug’19	$32,725	$40,001	$27,800	$40,512
17 Jul’19	$26,667	$39,406	$24,599	$39,889
3 Jul’19	$28,589	$34,000	$25,089	$36,901
19 Jun’19	$26,999	$35,906	$25,501	$39,400
6 Jun’19	$30,009	$39,728	$25,502	$42,002
22 May’19	$27,000	$42,564	$27,400	$47,000
8 May’19	$36,704	$48,010	$28,559	$52,502
17 Apr’19	$33,199	$48,000	$32,001	$52,410
3 Apr’19	$29,159	$43,102	$27,589	$48,209
20 Mar’19	$26,659	$39,401	$27,021	$41,000
6 Mar’19	$26,309	$36,961	$27,010	$37,620
20 Feb’19	$26,301	$35,403	$26,914	$36,667
8 Feb’19	$25,689	$34,509	$26,378	$35,310
23 Jan’19	$26,170	$33,989	$26,230	$33,689
9 Jan’19	$25,920	$32,200	$27,002	$32,909

Q: What are the latest COE bidding results for 2024 in Singapore?

A: The latest COE bidding results for 2024 in Singapore are regularly updated after each bidding exercise. These results reflect the current market trends and demand for different vehicle categories.

Q: How often do COE bidding exercises take place?

A: COE bidding exercises in Singapore typically occur twice a month. This regular schedule allows potential vehicle buyers and dealers to stay informed about the latest COE prices and trends, helping them make informed decisions about vehicle purchases or renewals.

Q: What factors influence COE prices in Singapore?

A: COE prices in Singapore are influenced by various factors, including supply and demand, government policies, economic conditions, and vehicle quotas. The moving average of COE prices over time can provide insights into market trends. Additionally, factors such as the type of vehicle, category-specific demand, and overall market sentiment can impact COE prices.

Q: What are the different categories of COE in Singapore?

A: In Singapore, COEs are divided into several categories based on the type of vehicle: – Category A: Cars up to 1600cc & 97kW (130bhp) – Category B: Cars above 1600cc or 97kW (130bhp) – Category C: Goods vehicles and buses – Category D: Motorcycles – Category E: Open category (can be used for any vehicle type) Each category has its own COE prices and bidding results, which can vary significantly.

Q: What is PQP and how does it relate to COE renewal?

A: PQP stands for Prevailing Quota Premium. It’s relevant for COE renewal when your existing COE expires. Instead of bidding for a new COE, you can choose to renew your COE for another five or ten years using the PQP. The PQP is calculated based on the moving average of COE prices over the past three months. This option can be helpful for those who want to extend their vehicle’s lifespan without participating in the open bidding process.

Q: How does the open bidding system for COE work in Singapore?

A: The open bidding system for COE in Singapore works as follows: 1. Bidders submit their bids during the bidding exercise period. 2. Bids are ranked from highest to lowest. 3. The quota for each category is filled starting from the highest bid. 4. The lowest successful bid becomes the COE price for that category. 5. All successful bidders pay the same price, regardless of their initial bid. This system ensures transparency and fairness in the allocation of COEs based on market demand.

Q: What should I consider when deciding to bid for a new COE or renew an existing one?

A: When deciding between bidding for a new COE or renewing an existing one, consider: 1. Current COE prices and trends 2. Your budget and financial situation 3. The age and condition of your vehicle 4. Future plans for vehicle ownership 5. PQP rates for renewal 6. Potential changes in vehicle regulations Analyzing these factors can help you decide whether to participate in the COE bidding process or opt for renewal, ensuring you make the most cost-effective choice for your situation.