COE Prices
Anyone who wishes to register for a new vehicle in Singapore must first obtain a Certificate of Entitlement (COE). A COE represents a right to vehicle ownership and use of the limited road space for 10 years. Below are the latest bidding results.
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| Month/Year | Cat A Cars up to 1600cc & 130hp and EVs up to 110KW | Cat B Cars above 1600cc or 130hp and EVs above 110KW | Cat E Open - All Except Motorcycle | Cat C Goods Vehicle & Bus | Cat D Motorcycle | Total Bids | Quota |
|---|---|---|---|---|---|---|---|
| Jan 2023 | $86,000 | $105,459 | $107,000 | $77,109 | $11,101 | 2,143 | 1,539 |
| Jan 2023 | $80,000 | $102,002 | $107,889 | $77,301 | $10,890 | 2,282 | 1,533 |
| Dec 2022 | $88,007 | $108,006 | $109,600 | $78,200 | $11,690 | 2,249 | 1,562 |
| Dec 2022 | $88,503 | $105,501 | $110,524 | $81,501 | $12,100 | 2,112 | 1,544 |
| Nov 2022 | $90,589 | $113,881 | $114,009 | $81,802 | $12,589 | 2,148 | 1,543 |
| Nov 2022 | $87,235 | $115,388 | $116,577 | $76,302 | $13,189 | 2,294 | 1,520 |
| Oct 2022 | $81,089 | $110,000 | $108,003 | $70,201 | $12,801 | 2,776 | 1,800 |
| Oct 2022 | $80,501 | $95,856 | $105,001 | $65,991 | $11,751 | 2,363 | 1,806 |
| Sep 2022 | $84,000 | $108,051 | $107,201 | $67,001 | $11,589 | 2,424 | 1,785 |
| Sep 2022 | $86,000 | $113,000 | $113,299 | $64,989 | $11,301 | 2,377 | 1,791 |
| Aug 2022 | $87,889 | $112,001 | $112,001 | $59,090 | $11,101 | 2,642 | 1,782 |
| Aug 2022 | $80,000 | $107,001 | $113,000 | $56,089 | $11,000 | 2,458 | 1,863 |
| July 2022 | $78,899 | $110,003 | $114,001 | $54,889 | $10,910 | 2,750 | 2,012 |
| July 2022 | $78,001 | $107,800 | $110,524 | $54,001 | $10,889 | 2,863 | 2,023 |
| June 2022 | $74,989 | $106,001 | $104,400 | $53,011 | $10,302 | 2,889 | 2,012 |
| June 2022 | $73,801 | $100,684 | $100,697 | $53,002 | $10,000 | 3,103 | 2,000 |
| May 2022 | $68,001 | $95,889 | $95,901 | $51,501 | $9,490 | 2,956 | 2,056 |
| May 2022 | $70,901 | $92,090 | $91,112 | $50,890 | $9,489 | 2,743 | 2,001 |
| Apr 2022 | $68,699 | $90,002 | $95,801 | $52,002 | $9,801 | 2,446 | 1,756 |
| Apr 2022 | $72,996 | $98,389 | $99,999 | $54,901 | $10,503 | 2,492 | 1,758 |
| Mar 2022 | $71,556 | $98,889 | $99,010 | $51,504 | $10,501 | 2,758 | 1,778 |
| Mar 2022 | $68,501 | $94,889 | $98,890 | $48,889 | $11,400 | 2,941 | 1,753 |
| Feb 2022 | $63,000 | $93,590 | $93,102 | $46,501 | $10,589 | 2,830 | 1,771 |
| Feb 2022 | $60,761 | $86,102 | $87,000 | $44,001 | $10,010 | 2,657 | 1,758 |
| Jan 2022 | $57,898 | $82,001 | $83,911 | $43,001 | $10,000 | 2,513 | 1,775 |
Source: Land Transport Authority.
If you are planning for a Certificate of Entitlement (COE) renewal or a COE bidding for a vehicle in Singapore, we highly recommend you to look into the past, recent and latest COE results.
These could possibly give you a better analysis of the demands, and help you strategically determine the best time to place your bid. Why should you go the extra mile to monitor COE prices? The reason is simple. It is not a secret that COE prices in Singapore are sky-high. The extravagant costs have long been the greatest obstacle for car owners and car buyers in the country, leaving many prospective car owners in a quandary. For a major investment like buying a car, doing the proper amount of due diligence and ensuring that you get the best value will unquestionably benefit you financially. At the end of the day, this could potentially help you save thousands of dollars – so why not?
What Is COE and What Is the Purpose of It?
Every car owner should know that having a valid COE is mandatory. It represents a right to vehicle ownership and is one out of the many prerequisites to owning and operating a vehicle on the limited road space in Singapore. Upon successful bidding, your COE is valid for a period of 10 years. Subsequently, you have the alternative for renewal of either 5 years or 10 years, depending on your vehicle category and its statutory lifespan. Once your vehicle reaches the end of its statutory lifespan, unfortunately, COE renewal will no longer be an option.
COEs in Singapore are divided into 5 different categories, grouped according to your vehicle class. It goes without saying that your vehicle type is required to match the following categories:
- Category A: Cars with engine capacity up to 1,600cc & power output 97kW
- Category B: Cars with engine capacity above 1,600cc or power output 97kW
- Category C: Goods carrying vehicle and bus
- Category D: Motorcycle
- Category E: An open category applicable for all of the above mentioned, except motorcycles.
So what is the purpose behind the implementation of COEs?
Well, that is because the lion city is known to have one of the highest road densities across the globe, reportedly 480.6km per 100 sq.km in 2011. With the land constraint, there was a need to manage the rapid growth of vehicles on the road. Hence, COE was introduced by the government in the 1990s, as an ownership measure or solution to regulate the growth of vehicle population, ease congested roads, and manage high volumes of traffic.
How Does COE Bidding Works?
COEs for the individual categories are bid separately in an open bidding system. However, not every bid will go through successfully.
You will have to first submit the bid amount that you are willing to pay, also known as the reserve price, in the system. The bidding system will then automatically raise the current price of COE by $1. If the current price of COE exceeds your bid, then you are out of the running. Meaning – you will not stand a chance in getting a COE in this bidding round. The current price of COE will then continue rising and stop only when the number of bidders is equivalent to the number of COEs available. The bidding will then end here, with the final quota premium (QP) that successful bidders of the same category are required to pay.
A Full Service Association
As your partner in motoring, we provide multi-faceted services in Singapore. These include road tax renewal, roadside assistance plans, car inspection, scrap car services without you having to engage a car dealer yourself, and more. Thinking of renewing your COE for your current vehicle or getting a pre-loved car? You can count on our car evaluation service to assess its condition.
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