COE Results — Feb 2023 Ex 2
Cat A
$86,556
Small cars
Cat B
$115,001
Large cars
Cat C
$87,790
Goods vehicles
Cat D
$12,189
Motorcycles
Cat E
$118,001
Open category
COE Prices — Feb 2023 Ex 2
Bidding Date: Wednesday, 15 February 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $86,556 | ↑ +$556 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $115,001 | ↑ +$9,477 |
| Cat C | Goods Vehicles & Buses | $87,790 | ↑ +$2,671 |
| Cat D | Motorcycles | $12,189 | ↑ +$587 |
| Cat E | Open (All Vehicle Types) | $118,001 | ↑ +$12,999 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 508 | 702 | 504 | 1.38× |
| Cat B | 436 | 768 | 401 | 1.76× |
| Cat C | 47 | 136 | 40 | 2.89× |
| Cat D | 479 | 611 | 453 | 1.28× |
| Cat E | 132 | 274 | 129 | 2.08× |
Competition ratio = bids received ÷ quota available. A ratio above 1.5× indicates high demand for that category.
What Do These Results Mean?
The Category A COE (cars ≤ 1,600cc and 130bhp) closed at $86,556 this exercise. The Category B COE (larger or more powerful cars) closed at $115,001. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $118,001.
Cat B prices rose by +$9,477 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$12,999, serving as a benchmark for overall COE market sentiment.
About Singapore COE Bidding
Singapore’s Certificate of Entitlement (COE) system manages vehicle population through a Uniform Price Sealed-Bid Auction held twice monthly.
How it works:
- LTA sets the quota for each of the five categories
- Buyers submit sealed bids over a 10-day exercise window
- Bids are ranked highest to lowest; all successful bidders pay the lowest winning bid (the Quota Premium, QP)
- A COE is valid for 10 years and can be renewed for another 5 or 10 years
The five COE categories:
- Cat A — Cars with engine ≤ 1,600cc and ≤ 130bhp
- Cat B — Cars with engine > 1,600cc or > 130bhp
- Cat C — Goods vehicles and buses
- Cat D — Motorcycles
- Cat E — Open category (any vehicle, no restrictions)
Browse results: ← Feb 2023 Ex 1 · Mar 2023 Ex 1 →
Results sourced from LTA/Singapore government data via the COE Price Tracker data pipeline. This is an informational service. We are not affiliated with LTA, Singapore government, or any car dealer.
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