Category	COE price ($)	Change	Quota	Bids	PQP
Cat A	108,220	▲ 1,719	1,268	1,762	106,541
Cat B	114,002	▲ 9,001	815	1,261	115,938
Cat C	76,000	▲ 1,001	290	488	75,669
Cat D	8,602	▲ 613	545	643	8,367
Cat E	114,890	▲ 2,000	245	514	N.A

A brief analysis

Category A (smaller cars and EVs)
The COE premium for Category A rose to $108,220, up about 1.6% from $106,501 in the previous exercise. Demand for smaller and mass-market cars remains firm, with bids (1,762) comfortably exceeding the quota (1,268). The increase suggests steady competition in this segment, though the rise is still relatively moderate compared with the larger swings seen in other categories.
Category B (larger cars and premium models)
Category B saw the most significant movement this round, jumping sharply to $114,002, an increase of about 8.6% from $105,001 previously. This strong rebound reverses the declines seen in the previous two tenders. The spike suggests renewed demand for larger and premium vehicles, possibly as buyers return to the market after holding back during the earlier dip.
Category C (commercial vehicles and goods vehicles)
Premiums for commercial vehicles increased slightly to $76,000, about 1.3% higher than the previous $74,999. With 488 bids competing for 290 certificates, demand remains healthy but not excessive. The gradual rise reflects steady business demand without major shifts in market conditions.
Category D (motorcycles)
Motorcycle COE prices climbed to $8,602, up around 7.7% from $7,989 previously. Although the quota remains relatively large compared with demand, the increase suggests stronger participation in the motorcycle segment after a period of softer pricing.
Category E (open category)
The open category premium rose to $114,890, up about 1.8% from $112,890 in the last round. As Category E is frequently used for larger passenger cars, the increase mirrors the sharp rebound seen in Category B, indicating stronger bidding activity at the higher end of the passenger car market.

Overall COE trend

Broad-based rebound across categories

In the first COE tender for March 2026, premiums increased across all categories, marking a reversal from the mixed and generally softer pricing seen in the previous exercise. The most notable shift occurred in the larger car segment, where Category B rebounded strongly, while other categories recorded more moderate increases.

Competition remains active, with bids exceeding quotas across the board. This suggests that demand for vehicles continues to be resilient, even as COE prices remain elevated by historical standards.

Understanding COE categories

COE categories determine what type of vehicle the certificate can be used for. Below is a simple explanation of each category.

Category A
For cars up to 1,600cc and 130 bhp, as well as electric vehicles up to 110 kW.

Category B
For cars above 1,600cc or 130 bhp, including higher-powered electric vehicles.

Category C
For goods vehicles and buses.

Category D
For motorcycles.

Category E (Open Category)
Can be used for any vehicle type except motorcycles. Most Category E COEs are eventually used for Category B cars.

What is COE?

The Certificate of Entitlement (COE) is a licence required to own and register a vehicle in Singapore. It allows you to use a vehicle for a fixed period, usually 10 years. COE prices are set through bidding exercises held twice a month, and they vary depending on demand and vehicle category.

Having a COE ensures you can legally own a vehicle and plan for its long-term costs.

What is PQP?

The Prevailing Quota Premium (PQP) is the price used when renewing your COE. It is calculated as the average of the last three successful COE prices for the same vehicle category. PQP is updated monthly and only applies to COE renewals, not new car purchases.

Knowing the PQP helps you:

Decide whether to renew or replace your vehicle
Estimate long-term ownership costs
Understand market trends for your vehicle category

FAQs on Singapore’s Certificate of Entitlement (COE)

What is COE?
The Certificate of Entitlement (COE) is a licence required to own and register a vehicle in Singapore. It allows you to use a car or motorcycle for 10 years. COE prices are determined through bidding exercises.
How does COE bidding work?
COE bidding is done online. You submit a bid within the bidding period. The highest bids up to the quota are successful. Prices fluctuate based on demand and vehicle category.
How to bid for COE?
You can bid for COE via the LTA’s eCOE system using your SingPass. Submit your bid amount, choose the vehicle category, and confirm before the bidding closes.
When is the next COE bidding?
COE bidding exercises are held twice a month. You can check the official LTA website or our COE page for the next bidding date.
How much is the COE price now?
COE prices vary by vehicle category and bidding results. Check the latest COE table above for current prices.
How is COE price determined?
COE price is set by the bidding exercise. The highest bid accepted within the quota becomes the COE price.
Will COE price drop?
COE prices can rise or fall depending on:
- Quota available for the category
- Demand for vehicles
- Market trends and timing of the bidding exercise
How to check COE expiry date?
Your COE expiry date is on your vehicle log card or insurance documents. You can also check via LTA’s online portal.
What happen when COE expires?
If your COE expires:
- You cannot drive the vehicle legally.
- You must either renew the COE or de-register the vehicle.
How to renew COE?
Renewal is done online via LTA’s Vehicle Quota System. You can pay using either the Prevailing Quota Premium (PQP) or by bidding in a COE exercise.
How to renew COE with loan?
You can finance COE renewal with most bank vehicle loans. Speak to your bank for approval and repayment terms.
How much to renew COE?
Renewal cost is based on the PQP, which is the average of the last three successful COE prices for your vehicle category.
How many times can you renew COE?
There is no limit to the number of times you can renew your COE, as long as the vehicle remains roadworthy and insured.
Can I renew COE after 5 years?
Yes, you can renew COE at any time before expiry. A 5-year renewal is just a partial renewal using PQP or a bidding exercise.
How to renew COE after 10 years?
COE normally lasts 10 years. After 10 years, you can renew in full by paying the PQP, or de-register the car.
How to extend COE in Singapore?
COE extension is done via renewal, using PQP for the vehicle category. Extensions are available in 5-year or 10-year blocks.
How long does COE last?
A COE is valid for 10 years from the date of issuance.
How to calculate PQP for COE renewal?
PQP (Prevailing Quota Premium) is the average of the last three successful COE prices for your vehicle category. This value is updated monthly and determines the renewal cost if you do not bid.

Useful COE links

LTA eCOE bidding portal
Link: https://onemotoring.lta.gov.sg
This is where you can submit COE bids online using your SingPass. Make sure to log in during the bidding window.
LTA COE results and price information
Link: https://aas.com.sg/motoring-info/coe/
Official listing of recent COE bidding results. Updated after each bidding exercise.
PQP (Prevailing Quota Premium) details
Link: https://aas.com.sg/prevailing-quota-premiums-pqp/
Shows the latest PQP values for all COE categories. Useful when planning COE renewal.
LTA Vehicle Licensing and Renewals
Link: https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/vehicle-renewal.html
Official guide on how to renew your vehicle’s COE and related procedures.
LTA Vehicle De-registration
Link: https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/deregistration-of-vehicles.html
Step-by-step details on how to de-register a vehicle when you choose not to renew the COE.
LTA Vehicle Quota System (VQS)
Link: https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/vqs.html
Official LTA page explaining COE categories, quota changes, and general COE system overview.

COE results - 2nd bidding (February 2026)

Category	COE price ($)	Change	Quota	Bids	PQP
Cat A	106,501	▲ 181	1,289	1,975	107,571
Cat B	105,001	▼ 5,889	813	1,353	120,772
Cat C	74,999	▲ 198	294	502	76,100
Cat D	7,989	▼ 300	548	665	8,542
Cat E	112,890	▼ 3,110	239	571	N.A

A brief analysis

Category A (smaller cars and EVs)
The COE price for Category A edged up slightly to $106,501, rising about 0.2% from $106,320 in the previous round. This small increase suggests that demand for compact and mass-market cars, including many EVs under 1,600cc and 110kW, remains stable rather than accelerating. Competition is steady but not aggressive.
Category B (larger cars and premium models)
Category B fell sharply again to $105,001, down about 5.3% from $110,890 previously. This marks a second consecutive decline and brings Cat B below Cat A, which is relatively uncommon. The continued drop indicates softer demand for larger and higher-performance models, as buyers appear more price-sensitive in the premium segment.
Category C (commercial vehicles and goods vehicles)
Premiums for commercial vehicles ticked up marginally to $74,999, about 0.3% higher than $74,801 in the previous exercise. The slight rebound suggests steady underlying demand from businesses, with no major shift in bidding pressure.
Category D (motorcycles)
Motorcycle COE prices eased further to $7,989, down around 3.6% from $8,289 previously. This continued softening reflects more moderate interest in the motorcycle segment, with buyers bidding cautiously.
Category E (open category)
Open category COE fell to $112,890, a drop of about 2.7% from $116,000 in the last round. Since Cat E is often used for larger passenger cars and high-performance EVs, the decline aligns with the weakness seen in Category B, indicating softer sentiment at the higher end of the market.

Overall COE trend

Mixed but generally softer pricing
In the second COE tender for February 2026, premiums showed a mixed performance, with Category A and C largely stable, while Category B, D, and E declined further. The most notable movement remains in the premium segments, where prices continue to correct downward.

While competition remains present, bidding appears more disciplined com

COE results - 1st bidding (February 2026)

Category	COE price ($)	Change	Quota	Bids	PQP
Cat A	106,320	▼ 3,181	1,265	1,982	107,571
Cat B	110,890	▼ 10,744	813	966	120,772
Cat C	74,801	▼ 401	292	420	76,100
Cat D	8,289	▼ 571	550	645	8,542
Cat E	116,000	▼ 4,891	271	462	N.A

A brief analysis

Category A (smaller cars and EVs)
The COE price for Category A dropped to $106,320, down about 2.9% from around $109,501 previously. This suggests slightly softer competition for compact and mass‑market vehicles, including many EVs and cars under 1,600 cc.
Category B (larger cars and premium models)
Category B saw the sharpest decline, with the premium falling to $110,890, a drop of around 8.8% from the last round. This is significant because bigger cars and higher‑performance EVs often set the tone for broader market pricing.
Category C (commercial vehicles and goods vehicles)
Premiums for commercial vehicles eased slightly to $74,801, indicating reduced pressure in bidding for goods vehicles in this round.
Category D (motorcycles)
Motorcycle COE prices also softened, with Category D closing at $8,289, down from about $8,860 previously, reflecting more moderate interest from the smaller‑vehicle segment.
Category E (open category)
Open category COE, which can be used for almost any vehicle except motorcycles and is often used for large passenger cars and EVs, also dipped to $116,000, a decline from around $120,891 in the previous round.

Overall trend
COE prices eased across the board
In the first COE tender for February 2026, premiums fell across all categories compared with the previous exercise in late January, reflecting cooling demand after the peak buying period in January.

The across‑the‑board drop suggests demand peaked in January - possibly boosted by events like the Singapore Motorshow — and then eased, leading to softer bids. Despite the decline, COE premiums remain relatively high by historical standards, keeping ownership costs significant for buyers.

COE results - 2nd bidding (January 2026)

Category	COE price ($)	Change	Quota	Bids	PQP
Cat A	109,501	▲ 7,492	1,301	2,303	114,004 (Jan) / 107,571 (Feb)
Cat B	121,634	▲ 2,534	803	1,207	126,131 (Jan) / 120,772 (Feb)
Cat C	75,202	▼ 301	283	434	76,166 (Jan) / 76,100 (Feb)
Cat D	8,860	▲ 171	538	609	8,817 (Jan) / 8,542 (Feb)
Cat E	120,891	▼ 1,109	299	426	N.A

A brief analysis

Category A (smaller cars and EVs)
COE premiums rose again to S$109,501, up strongly from the start of the month. Demand for smaller cars and EVs remains robust, buoyed by seasonal interest around the Singapore Motorshow and pre-Chinese New Year purchasing. The high PQP of S$114,004 suggests that renewals remain expensive, especially if recent months have been strong.
Category B (larger cars and premium models)
Prices continued to climb to S$121,634, reflecting sustained strong demand among buyers of larger vehicles. The higher PQP for January and anticipated slightly lower PQP in February suggest that renewal costs remain above historical averages.
Category C (commercial vehicles and goods vehicles)
COE prices softened slightly to S$75,202, implying more moderate commercial demand. The PQP is in line with the COE price, indicating generally stable renewal costs for SME and fleet operators.
Category D (motorcycles)
Premiums ticked up modestly to S$8,860. This indicates steady if not aggressive interest in motorcycles, consistent with use in personal transport and delivery. Renewal PQP remains close to the current COE price.
Category E (open category)
Open category premiums eased to S$120,891 from the first bidding of January, suggesting a slight pullback in bidding for high-end vehicles. Even though this is lower than the earlier January price, it remains high compared with historical averages.

Overall trend
COE prices in January’s second bidding were mixed but generally firm for passenger car categories A and B. Smaller and larger private car segments continue to see strong bidding interest, while commercial and open categories show some softness compared with early January results. PQP values remain elevated, especially for passenger cars, pointing to continued high costs for renewals. Buyers and curre

COE results - 1st bidding (January 2026)

Category	COE price ($)	Change	Quota	Bids	PQP
Cat A	102,009	▼ 7,492	1,285	1,658	114,004
Cat B	119,100	▲ 3,998	824	1,128	126,131
Cat C	75,503	▼ 1,500	287	394	76,166
Cat D	8,689	▲ 608	544	639	8,817
Cat E	122,000	▲ 3,000	278	528	N.A

Next COE bidding date:19 January 2026 (tender opens at 12pm, results on 21 January 2026).

A brief analysis

Category A
COE rose slightly to $102,009, indicating steady demand among smaller, affordable cars. PQP of $114,004 shows renewal costs remain high but not at record levels.
Category B
COE at $119,100 reflects continued strong demand for larger and premium vehicles. PQP of $126,131 suggests that renewal for bigger cars will be significantly costlier.
Category C
COE eased to $75,503, indicating moderate demand in the commercial sector. PQP of $76,166 makes short renewals relatively predictable for businesses.
Category D
COE is stable at $8,689, reflecting consistent interest in motorcycles for personal and delivery use. PQP is $8,817, slightly higher than current COE but manageable for owners.
Category E
COE remains high at $122,000, showing continued competition for high-end and niche vehicles.