COE Results — Apr 2023 Ex 2
Cat A
$103,721
Small cars
Cat B
$120,889
Large cars
Cat C
$75,334
Goods vehicles
Cat D
$12,179
Motorcycles
Cat E
$124,501
Open category
COE Prices — Apr 2023 Ex 2
Bidding Date: Wednesday, 19 April 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $103,721 | ↑ +$7,220 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $120,889 | ↑ +$2,388 |
| Cat C | Goods Vehicles & Buses | $75,334 | ↓ -$1,467 |
| Cat D | Motorcycles | $12,179 | ↑ +$178 |
| Cat E | Open (All Vehicle Types) | $124,501 | ↑ +$5,511 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 507 | 750 | 489 | 1.48× |
| Cat B | 430 | 553 | 403 | 1.29× |
| Cat C | 51 | 116 | 47 | 2.27× |
| Cat D | 465 | 510 | 436 | 1.10× |
| Cat E | 137 | 252 | 136 | 1.84× |
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 $103,721 this exercise. The Category B COE (larger or more powerful cars) closed at $120,889. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $124,501.
Cat B prices rose by +$2,388 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$5,511, 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: ← Apr 2023 Ex 1 · May 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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