COE Results — Jan 2024 Ex 1
Cat A
$65,010
Small cars
Cat B
$85,010
Large cars
Cat C
$67,599
Goods vehicles
Cat D
$9,114
Motorcycles
Cat E
$106,388
Open category
COE Prices — Jan 2024 Ex 1
Bidding Date: Wednesday, 3 January 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $65,010 | ↓ -$19,990 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $85,010 | ↓ -$24,991 |
| Cat C | Goods Vehicles & Buses | $67,599 | ↓ -$1,824 |
| Cat D | Motorcycles | $9,114 | ↑ +$112 |
| Cat E | Open (All Vehicle Types) | $106,388 | ↓ -$12,000 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 924 | 1184 | 920 | 1.28× |
| Cat B | 633 | 850 | 628 | 1.34× |
| Cat C | 193 | 340 | 192 | 1.76× |
| Cat D | 523 | 666 | 514 | 1.27× |
| Cat E | 149 | 263 | 140 | 1.77× |
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 $65,010 this exercise. The Category B COE (larger or more powerful cars) closed at $85,010. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $106,388.
Cat B prices fell by -$24,991 compared to the previous exercise, offering some relief to buyers of larger cars.
The Open category (Cat E) fell by -$12,000, 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: ← Dec 2023 Ex 2 · Jan 2024 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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