COE Results — May 2023 Ex 2
Cat A
$92,000
Small cars
Cat B
$113,034
Large cars
Cat C
$77,501
Goods vehicles
Cat D
$10,602
Motorcycles
Cat E
$125,000
Open category
COE Prices — May 2023 Ex 2
Bidding Date: Wednesday, 17 May 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $92,000 | ↓ -$9,001 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $113,034 | ↓ -$6,365 |
| Cat C | Goods Vehicles & Buses | $77,501 | ↑ +$1,912 |
| Cat D | Motorcycles | $10,602 | ↑ +$5,600 |
| Cat E | Open (All Vehicle Types) | $125,000 | ↑ +$998 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 596 | 936 | 588 | 1.57× |
| Cat B | 480 | 713 | 480 | 1.49× |
| Cat C | 72 | 148 | 70 | 2.06× |
| Cat D | 571 | 1438 | 562 | 2.52× |
| Cat E | 125 | 301 | 104 | 2.41× |
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 $92,000 this exercise. The Category B COE (larger or more powerful cars) closed at $113,034. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $125,000.
Cat B prices fell by -$6,365 compared to the previous exercise, offering some relief to buyers of larger cars.
The Open category (Cat E) rose by +$998, 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: ← May 2023 Ex 1 · Jun 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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