COE Results — Mar 2024 Ex 2
Cat A
$85,489
Small cars
Cat B
$96,011
Large cars
Cat C
$70,112
Goods vehicles
Cat D
$9,689
Motorcycles
Cat E
$95,856
Open category
COE Prices — Mar 2024 Ex 2
Bidding Date: Wednesday, 20 March 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $85,489 | ↑ +$2,489 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $96,011 | ↑ +$1 |
| Cat C | Goods Vehicles & Buses | $70,112 | ↓ -$5,487 |
| Cat D | Motorcycles | $9,689 | ↑ +$289 |
| Cat E | Open (All Vehicle Types) | $95,856 | ↑ +$846 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 936 | 1922 | 935 | 2.05× |
| Cat B | 656 | 1066 | 615 | 1.63× |
| Cat C | 202 | 313 | 202 | 1.55× |
| Cat D | 521 | 629 | 516 | 1.21× |
| Cat E | 157 | 256 | 157 | 1.63× |
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 $85,489 this exercise. The Category B COE (larger or more powerful cars) closed at $96,011. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $95,856.
Cat B prices rose by +$1 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$846, 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: ← Mar 2024 Ex 1 · Apr 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.
Track Every COE Result Automatically
Get notified the moment new COE results drop. View trend charts, set price alerts, and use the bid calculator — all free, no ads.