COE Results — May 2024 Ex 2
Cat A
$92,700
Small cars
Cat B
$105,689
Large cars
Cat C
$72,001
Goods vehicles
Cat D
$9,311
Motorcycles
Cat E
$105,002
Open category
COE Prices — May 2024 Ex 2
Bidding Date: Wednesday, 15 May 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $92,700 | ↓ -$904 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $105,689 | ↑ +$687 |
| Cat C | Goods Vehicles & Buses | $72,001 | ↑ +$2,000 |
| Cat D | Motorcycles | $9,311 | ↓ -$192 |
| Cat E | Open (All Vehicle Types) | $105,002 | ↑ +$313 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 983 | 1444 | 980 | 1.47× |
| Cat B | 658 | 1099 | 641 | 1.67× |
| Cat C | 207 | 382 | 198 | 1.85× |
| Cat D | 526 | 604 | 523 | 1.15× |
| Cat E | 178 | 295 | 176 | 1.66× |
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 $92,700 this exercise. The Category B COE (larger or more powerful cars) closed at $105,689. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $105,002.
Cat B prices rose by +$687 compared to the previous exercise, reflecting stronger demand from buyers of premium vehicles.
The Open category (Cat E) rose by +$313, 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: ← May 2024 Ex 1 · Jun 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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