COE PRICES AND LATEST BIDDING RESULTS
April 17, 2024| COE Bidding Results on 17 April 2024 | ||||
|---|---|---|---|---|
| Category | CAT A | CAT B | CAT E | |
| Cars up to 1600cc and 130bhp | Cars above 1600cc or 130bhp | Open | ||
| Quota Premium | $94,010 | $102,001 | $103,249 | |
| Change | $5,010 | $667 | $2,247 | |
| Prevailing Quota Premium |
$78,482 (Apr) $84,550 (May) |
$98,062 (Apr) $99,116 (May) |
- | |
| Quota | 936 | 690 | 155 | |
| Total Bids Received | 1,390 | 1,008 | 269 | |
Quota Premium (QP) is the amount of the successful COE bid
Prevailing Quota Premium (PQP) is the 3-month computed average of COE prices and the amount to be paid required for COE renewal
Quota is the number of COE allotted
Total Bids Received is the number of bidders participating in the existing COE bidding cycle
What is COE?
The Certificate of Entitlement (COE) grants the owner the legal right to register and drive their vehicle in Singapore for a period of 10 years. Hinged on demand and supply, the cost of COE fluctuates and affects the price to own a car.
After 10 years, you have the option to renew the COE on your vehicle, and you will be entitled to a COE rebate on your COE renewal price. However, if you deregister your car before the 10-year mark, you are eligible for BOTH COE rebate and Preferential Additional Registration Fee (PARF) rebate — intended to recoup the initial Additional Registration Fee (ARF) paid during car registration. The amount of the rebate will vary on the type and age of your car, as well as the COE’s expiry date.