COE Prices Surge Across Most Categories in December 2024’s Second Open Bidding Exercise

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The second Certificate of Entitlement (COE) Open Bidding Exercise for December 2024 concluded on 18 December at 16:00.

All COE categories experienced price increases except for Category C, which saw a slight dip of $399. The largest increase was in Category B, which jumped by $5,990.

COE Price Summary

Category		Previous COE ($)	New COE ($)	Difference ($)
A	(Cars up to 1,600cc & below 97kW)	94,000	96,000	+2,000
B	(Cars above 1,600cc & above 97kW)	103,010	109,000	+5,990
C	Goods Vehicle & Bus	70,289	69,890	-399
D	Motorcycle	7,878	8,381	+503
E	Open – All Except Motorcycle	104,001	108,992	+4,991

Highlights by Category

Category A saw a modest increase of $2,000, bringing the new price to $96,000. This category encompasses non-fully electric cars with engine capacities up to 1,600cc or Maximum Power Outputs not exceeding 97kW (130bhp). Fully electric vehicles with a Maximum Power Output of up to 110kW (147bhp) also fall under this category.

Category B, which includes larger and more powerful vehicles, witnessed the steepest rise of $5,990, with the COE price now at $109,000. This category applies to non-fully electric cars exceeding 1,600cc or with Maximum Power Outputs above 97kW (130bhp), as well as fully electric vehicles over 110kW (147bhp).

For Category C, which covers goods vehicles and buses, prices dropped marginally by $399 to $69,890, providing a minor relief for businesses reliant on commercial transport.

Category D, catering to motorcycles, increased by $503, setting the new price at $8,381. Meanwhile, Category E, the open category for all vehicle types except motorcycles, rose by $4,991, now priced at $108,992.

What This Means for Buyers

These changes highlight the continuing demand for vehicle ownership amidst limited quotas. Prospective buyers are urged to evaluate their timing and financing options before committing to a purchase. The fluctuating COE landscape underscores the importance of strategic planning, particularly for individuals and businesses navigating high vehicle acquisition costs.

Resources for Prospective Buyers

For detailed information on COE bidding and trends, visit the Land Transport Authority (LTA) or consult the One Motoring COE page. For a visual representation of the COE landscape, refer to the image below.

As prices remain volatile, staying informed is key for all stakeholders in Singapore’s transport ecosystem.

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