Jan 23January 2023

1st Bidding

Renew COE
Renew COE
COE Prices 05/01/2023
COE Category

CAT A

Car ≤ 1600cc & 130bhp, or 110kW

CAT B

Car > 1600cc & 130bhp, or 110kW

CAT C

Goods vehicle & bus

CAT D

Motorcycle

CAT E

Open - all except motorcycle

Quota Premium

$80,000

$102,002

$77,301

$10,890

$107,889

$8,007

$6,004

$899

$800

$1,711

PQP

$85,988 (Jan)

$108,106 (Jan)

$75,667 (Jan)

$12,354 (Jan)

-

Quota

462

410

70

445

146

Bids Received

649

487

183

678

285

CAT A (CARS ≤ 1600cc & 130bhp, or 110kW)

Quota Premium

$80,000

PQP

$85,988 (Jan)

$8,007

Quota

462

Bids Received

649

CAT B (CARS > 1,600cc or 130bhp, or 110kW)

Quota Premium

$102,002

PQP

$108,106 (Jan)

$6,004

Quota

410

Bids Received

487

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$77,301

PQP

$75,667 (Jan)

$899

Quota

70

Bids Received

183

CAT D (MOTORCYCLE)

Quota Premium

$10,890

PQP

$12,354 (Jan)

$800

Quota

445

Bids Received

678

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$107,889

PQP

-

$1,711

Quota

146

Bids Received

285

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191 Comments

U Tin Soe
Lower income families can’t afford to buy a Car anymore. 🥲
Reply

6 days ago

Melvin Cheong
Ridiculous COE issue is 1 garment won't want to address
Reply

about 1 month ago

Dylan Ng
Call all go in? sardines
Reply

about 2 months ago

Jamil Bin Abdul Rahman
There is an easy way to moderate the price of COEs. It was suggested long ago. Make people pay according to their bids and not the lowest of the successful bidding.
Reply

5 months ago

Dennis Gan

COE a piece of paper can cost over 100k. No wonder our neighbours country comment our government easy earn money from citizens.

Government should divide 2 categories. COE A for taxi and Grab companies to bid and COE B should for normal car (refer to household need car) to bid. Like this COE will not be spike because of taxi and Grab company massive bid COE

Reply

5 months ago

Glossary

Quota PremiumPrice of the successful COE bid.
ChangeDifference between current price of COE and the previous price.
QuotaNumber of COE issued.
Bids ReceivedNumber of bidders participating in this COE bidding round.
Prevailing Quota Premium (PQP)Amount to be paid for COE renewal. Computed from 3-month moving average of COE prices.