COE Prices for April 2021

Here are the latest COE Prices (Certificate of Entitlement[?]) in Singapore for April 2021 (2nd Bidding Exercise). Last updated: 07th April 2021 at 16:00. (15 days, 18 hours)

  • Category A: $45,600 (decrease of 0.00%)πŸ“‰
  • Category B: $52,309 (decrease of 0.00%)πŸ“‰
  • Category C: $36,134 (decrease of 0.00%)πŸ“‰
  • Category D: $8,000 (decrease of 0.00%)πŸ“‰
  • Category E: $52,200 (decrease of 0.00%)πŸ“‰

Across the board, COE prices increased on average 0.00% since the last bidding round. A total of 2,960 COEs were available with 4,594 bids put in.

Latest Certificate of Entitlement Prices

Category A: $45,600

For passenger cars - CAR UP TO 1600CC & 97KW

Category B: $52,309

For passenger cars - CAR ABOVE 1600CC OR 97KW

Category E: $52,200

For passenger cars - OPEN-ALL EXCEPT MOTORCYCLE

Category C: $36,134

For passenger cars - GOODS VEHICLE & BUS

Category D: $8,000

For passenger cars - MOTORCYCLE

Total Bids:

4,594

Quota:

2,960

Historical COE Price Chart

The next COE Bidding round will be on the 21 April 2021 at 4:00PM. 1 days, 18 hours and 47 minutes left to go!

Category A Vehicles

Discover the latest COE Category A ($45,600) vehicles below: 

Hybrid Vehicles

Toyota Yaris Cross X Hybrid

$105,988.00 SGD
$59,800.00 SGD
$171,988.00 SGD

Pre-Owned

2013 MINI One 1.6A

$41,800.00 SGD

Category B Vehicles

Discover the latest COE Category B ($52,309) vehicles below: 

$436,988.00 SGD
$97,800.00 SGD
$300,988.00 SGD
$159,988.00 SGD
$234,988.00 SGD

What Is COE and What Is the Purpose of It?

Every car owner should know that having a valid COE is mandatory. It represents a right to vehicle ownership and is one out of the many prerequisites to owning and operating a vehicle on the limited road space in Singapore. Upon successful bidding, your COE is valid for a period of 10 years. Subsequently, you have the alternative for renewal of either 5 years or 10 years, depending on your vehicle category and its statutory lifespan. Once your vehicle reaches the end of its statutory lifespan, unfortunately, COE renewal will no longer be an option.

COEs in Singapore are divided into 5 different categories, grouped according to your vehicle class. It goes without saying that your vehicle type is required to match the following categories:

  • Category A: Cars with engine capacity up to 1,600cc & power output 97kW
  • Category B: Cars with engine capacity above 1,600cc or power output 97kW
  • Category C: Goods carrying vehicle and bus
  • Category D: Motorcycle
  • Category E: An open category applicable for all of the above mentioned, except motorcycles.

So what is the purpose behind the implementation of COEs?

Well, that is because the lion city is known to have one of the highest road densities across the globe, reportedly 480.6km per 100 sq.km in 2011. With the land constraint, there was a need to manage the rapid growth of vehicles on the road. Hence, COE was introduced by the government in the 1990s, as an ownership measure or solution to regulate the growth of vehicle population, ease congested roads, and manage high volumes of traffic.

How Does COE Bidding Works?

COEs for the individual categories are bid separately in an open bidding system. However, not every bid will go through successfully.

You will have to first submit the bid amount that you are willing to pay, also known as the reserve price, in the system. The bidding system will then automatically raise the current price of COE by $1. If the current price of COE exceeds your bid, then you are out of the running. Meaning – you will not stand a chance in getting a COE in this bidding round. The current price of COE will then continue rising and stop only when the number of bidders is equivalent to the number of COEs available. The bidding will then end here, with the final quota premium (QP) that successful bidders of the same category are required to pay.

How do I bid for my COE?

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Example 1 of COE Bidding

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Example 2 of COE Bidding

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Example 3 of COE Bidding

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Frequently Asked Questions

How are COE Prices Calculated

The COE prices are calculated based on the number of bids in the bidding system. Upon submitting the reserve price, the cost of COE in the bidding system will automatically be raised by $1. It will then continue to keep going up until the number of bidders is equivalent to the number of COEs available. The final price of COE is then calculated and determined through the bidding system.

What Affects COE Prices?

COE prices in Singapore are driven by supply and demand, as well as economic situation. Supply refers to the number of COE quota available, and this is determined by multiple factors such as the number of vehicle deregistrations and a net increase of the total number of car population, among others. Whereas, demand refers to the number of people applying for COE. Hence, if more people join the bid, the price of COE would surge.

How do I estimate the price of COE?

While the actual price of COE is unpredictable, it may be worthwhile looking into the trends to determine the best period to place your bid. A helpful tip is to look into the past and latest COE price statistics – this can help you make calculated predictions, and also general trends such as peak and off-peak seasons. Click here to view the latest COE prices.

What is the current COE Price?

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Will the COE Price go up?

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How much does it cost to renew a COE for 5 years?

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Can I pay the COE by installments?

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How many times can you renew the COE?

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Can I renew my COE before it expires?

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Can I can scrap my car before COE expires?

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