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The second Open Bidding Exercise for Certificates of Entitlement (COE) in June 2024 concluded on 20th June at 16:00.
The latest bidding results reveal notable changes across various vehicle categories, reflecting a dynamic market influenced by fluctuating demand and regulatory measures.
In this exercise, COE prices have seen significant variances. Some categories witnessed price increases of up to $2,689, while others experienced declines as steep as $1,600.
| Category | Previous COE ($) | New COE ($) | Difference ($) | |
|---|---|---|---|---|
| A | (see below) | 88,200 | 90,889 | +2,689 |
| B | (see below) | 100,607 | 102,334 | +1,727 |
| C | Goods Vehicle & Bus | 70,589 | 69,900 | -689 |
| D | Motorcycle | 8,989 | 9,002 | +13 |
| E | Open – All Except Motorcycle | 101,600 | 100,000 | -1,600 |
Category A includes non-fully electric cars with engines up to 1,600cc and Maximum Power Output up to 97kW (130bhp); and fully electric cars with Maximum Power Output up to 110kW (147bhp). Category B encompasses non-fully electric cars with engines exceeding 1,600cc or Maximum Power Output beyond 97kW (130bhp); and fully electric cars with Maximum Power Output greater than 110kW (147bhp).
For detailed insights into historical COE trends and fluctuations, visit the Land Transport Authority’s comprehensive historical data here. This information is sourced from the authoritative Land Transport Authority.
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