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The Land Transport Authority (LTA) has released the results of the May 2024 second 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 second open bidding exercise ended on 23 May 2024 16:00 hrs
| Category | Prev COE ($) | New COE ($) | New – Old Diff ($) | |
|---|---|---|---|---|
| A | CAR-DETAILS AT ONEMOTORING | 93,604 | 92,700 | -904 |
| B | CAR-DETAILS AT ONEMOTORING | 105,002 | 105,689 | +687 |
| C | Goods Vehicle & Bus | 70,001 | 72,001 | +2,000 |
| D | Motorcycle | 9,503 | 9,311 | -192 |
| E | Open-All Except Motorcycle | 104,689 | 105,002 | +313 |
Category A consists of 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 consists of Non-fully electric cars with engines above 1,600cc or Maximum Power Output above 97kW (130bhp); and fully electric cars with Maximum Power Output above 110kW (147bhp)
For a comprehensive view of COE past trends, visit LTA’s webpage here
Source: Land Transport Authority
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