COE Results — Sep 2023 Ex 2
Cat A
$105,000
Small cars
Cat B
$140,889
Large cars
Cat C
$83,801
Goods vehicles
Cat D
$10,700
Motorcycles
Cat E
$144,640
Open category
COE Prices — Sep 2023 Ex 2
Bidding Date: Wednesday, 20 September 2023
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $105,000 | ↑ +$4,000 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $140,889 | ↑ +$6,000 |
| Cat C | Goods Vehicles & Buses | $83,801 | ↑ +$912 |
| Cat D | Motorcycles | $10,700 | ↓ -$201 |
| Cat E | Open (All Vehicle Types) | $144,640 | ↑ +$7,640 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 651 | 864 | 635 | 1.33× |
| Cat B | 496 | 735 | 494 | 1.48× |
| Cat C | 114 | 153 | 114 | 1.34× |
| Cat D | 502 | 639 | 494 | 1.27× |
| Cat E | 153 | 282 | 144 | 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 $105,000 this exercise. The Category B COE (larger or more powerful cars) closed at $140,889. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $144,640.
Cat B prices rose by +$6,000 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$7,640, 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: ← Sep 2023 Ex 1 · Oct 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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