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The Land Transport Authority (LTA) has released the results of the May 2024 first open bidding exercise for Certificate of Entitlement (COE) prices.
Motorists and vehicle buyers eagerly awaited these results, which provide insights into the cost of vehicle ownership in the city-state.
Here are the results for the May 2024 first open bidding exercise ended on 8 May 2024 16:00 hrs
| Category | Prev COE ($) | New COE ($) | New – Old Diff ($) | |
|---|---|---|---|---|
| A | CAR-DETAILS AT ONEMOTORING | 94,010 | 93,604 | -406 |
| B | CAR-DETAILS AT ONEMOTORING | 102,001 | 105,002 | +3,001 |
| C | Goods Vehicle & Bus | 68,502 | 70,001 | +1,499 |
| D | Motorcycle | 9,990 | 9,503 | -487 |
| E | Open-All Except Motorcycle | 103,249 | 104,689 | +1,440 |
For a comprehensive view of COE past trends, visit LTA’s webpage here
Source: Land Transport Authority
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