COE Results — Oct 2024 Ex 2
Cat A
$102,900
Small cars
Cat B
$113,890
Large cars
Cat C
$72,939
Goods vehicles
Cat D
$9,589
Motorcycles
Cat E
$114,700
Open category
COE Prices — Oct 2024 Ex 2
Bidding Date: Wednesday, 16 October 2024
| Category | Vehicle Type | COE Price (QP) | Change vs Previous |
|---|---|---|---|
| Cat A | Cars ≤ 1,600cc & 130bhp (or 110kW) | $102,900 | ↓ -$899 |
| Cat B | Cars > 1,600cc or 130bhp (or 110kW) | $113,890 | ↓ -$2,112 |
| Cat C | Goods Vehicles & Buses | $72,939 | ↓ -$2,070 |
| Cat D | Motorcycles | $9,589 | ↓ -$412 |
| Cat E | Open (All Vehicle Types) | $114,700 | ↓ -$1,300 |
Quota & Bidding Activity
| Category | Quota | Bids Received | Successful Bids | Competition Ratio |
|---|---|---|---|---|
| Cat A | 1058 | 1499 | 1048 | 1.42× |
| Cat B | 670 | 975 | 669 | 1.46× |
| Cat C | 222 | 337 | 222 | 1.52× |
| Cat D | 522 | 626 | 515 | 1.20× |
| Cat E | 177 | 327 | 177 | 1.85× |
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 $102,900 this exercise. The Category B COE (larger or more powerful cars) closed at $113,890. The Category E (Open) COE — usable by any vehicle type and widely used as a market barometer — closed at $114,700.
Cat B prices fell by -$2,112 compared to the previous exercise, offering some relief to buyers of larger cars.
The Open category (Cat E) fell by -$1,300, 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: ← Oct 2024 Ex 1 · Nov 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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