COE Results — May 2024 Ex 1
Cat A
$93,604
Small cars
Cat B
$105,002
Large cars
Cat C
$70,001
Goods vehicles
Cat D
$9,503
Motorcycles
Cat E
$104,689
Open category
COE Prices — May 2024 Ex 1
Bidding Date: Wednesday, 1 May 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $93,604 | ↓ -$406 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $105,002 | ↑ +$3,001 |
| Cat C | Goods Vehicles & Buses | $70,001 | ↑ +$1,499 |
| Cat D | Motorcycles | $9,503 | ↓ -$487 |
| Cat E | Open (All Vehicle Types) | $104,689 | ↑ +$1,440 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 968 | 1632 | 968 | 1.69× |
| Cat B | 666 | 1237 | 638 | 1.86× |
| Cat C | 206 | 350 | 181 | 1.70× |
| Cat D | 528 | 630 | 528 | 1.19× |
| Cat E | 177 | 317 | 169 | 1.79× |
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 $93,604 this exercise. The Category B COE (larger or more powerful cars) closed at $105,002. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $104,689.
Cat B prices rose by +$3,001 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$1,440, 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: ← Apr 2024 Ex 2 · May 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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