COE Results — Jan 2024 Ex 2
Cat A
$81,589
Small cars
Cat B
$112,000
Large cars
Cat C
$68,001
Goods vehicles
Cat D
$9,309
Motorcycles
Cat E
$109,004
Open category
COE Prices — Jan 2024 Ex 2
Bidding Date: Wednesday, 17 January 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $81,589 | ↑ +$16,579 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $112,000 | ↑ +$26,990 |
| Cat C | Goods Vehicles & Buses | $68,001 | ↑ +$402 |
| Cat D | Motorcycles | $9,309 | ↑ +$195 |
| Cat E | Open (All Vehicle Types) | $109,004 | ↑ +$2,616 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 923 | 1880 | 921 | 2.04× |
| Cat B | 657 | 1308 | 657 | 1.99× |
| Cat C | 191 | 394 | 187 | 2.06× |
| Cat D | 520 | 615 | 491 | 1.18× |
| Cat E | 140 | 267 | 136 | 1.91× |
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 $81,589 this exercise. The Category B COE (larger or more powerful cars) closed at $112,000. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $109,004.
Cat B prices rose by +$26,990 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$2,616, 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: ← Jan 2024 Ex 1 · Feb 2024 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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