COE Results — May 2023 Ex 1
Cat A
$101,001
Small cars
Cat B
$119,399
Large cars
Cat C
$75,589
Goods vehicles
Cat D
$5,002
Motorcycles
Cat E
$124,002
Open category
COE Prices — May 2023 Ex 1
Bidding Date: Wednesday, 3 May 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $101,001 | ↓ -$2,720 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $119,399 | ↓ -$1,490 |
| Cat C | Goods Vehicles & Buses | $75,589 | ↑ +$255 |
| Cat D | Motorcycles | $5,002 | ↓ -$7,177 |
| Cat E | Open (All Vehicle Types) | $124,002 | ↓ -$499 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 474 | 663 | 472 | 1.40× |
| Cat B | 410 | 513 | 410 | 1.25× |
| Cat C | 68 | 109 | 68 | 1.60× |
| Cat D | 554 | 670 | 542 | 1.21× |
| Cat E | 125 | 271 | 125 | 2.17× |
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 $101,001 this exercise. The Category B COE (larger or more powerful cars) closed at $119,399. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $124,002.
Cat B prices fell by -$1,490 compared to the previous exercise, offering some relief to buyers of larger cars.
The Open category (Cat E) fell by -$499, 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 2 · May 2023 Ex 2 →
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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