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The first Certificate of Entitlement (COE) bidding in April 2024 has concluded with notable increases in several vehicle categories
The latest bidding session witnessed Category A COE prices climbing to S$89,000, marking a S$3,511 increase from the previous round. Category B experienced an even steeper rise, with COE prices reaching S$101,334, up by S$5,323.
Conversely, Category C (goods vehicles and buses) saw a decrease in COE prices, dropping to S$67,501, which is S$2,611 less than before. The motorcycle category (Category D) had a slight uptick in prices, with the new COE costing S$10,000, up by S$311.
The ‘Open-All Except Motorcycle’ category, known as Category E, also saw a significant increase, with COE prices now at S$101,002, a S$5,146 hike.
| Category | Prev COE ($) | New COE ($) | New – Old Diff ($) | |
|---|---|---|---|---|
| A | CAR-DETAILS AT ONEMOTORING | 85,489 | 89,000 | +3,511 |
| B | CAR-DETAILS AT ONEMOTORING | 96,011 | 101,334 | +5,323 |
| C | Goods Vehicle & Bus | 70,112 | 67,501 | -2,611 |
| D | Motorcycle | 9,689 | 10,000 | +311 |
| E | Open-All Except Motorcycle | 95,856 | 101,002 | +5,146 |
The COE bidding exercises are a crucial aspect of Singapore’s vehicle quota system, designed to control the number of vehicles on the road and thus manage traffic congestion. The outcomes of these exercises are closely monitored as they directly impact the cost of owning a vehicle in Singapore.
For more detailed information on COE prices and their historical trends, visit the Land Transport Authority’s (LTA) dedicated page here.
Source: Land Transport Authority
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