Certificate of Entitlement [ COE ]

Your right to own a vehicle in Singapore.

Catch the latest COE prices, bidding results and trends here.

Latest COE results

Category A
car up to 1600cc & 97kw
PQP
Quota
Bids
Successful
Category B
car above 1600cc or 97kw
PQP
Quota
Bids
Successful
Category C
goods vehicle & bus
PQP
Quota
Bids
Successful
Category E
open-all except motorcycle
PQP
-
Quota
Bids
Successful
Category D
motorcycle
PQP
Quota
Bids
Successful

COE price trend

Trend over last 3 years
COE price trend graph

COE in Singapore

What is COE
A Certificate of Entitlement or COE, as its name suggests, entitles you to the right of vehicle ownership in land-scarce Singapore for a period of 10 years. It can also be described as the most expensive piece of paper you will ever pay for and then never get to see. Learn more about it on Land Transport Authority's website here.
Why do we have to have COE
Introduced in May 1990, the COE was meant to curb road usage and limit car ownership in Singapore during a period of growing affluence and booming car population. We constantly have to be prudent with how we use our limited land space, and controlling the number of vehicles on our tight road infrastructure helps cope with congestion and maintains a healthy road network.
How are COE prices determined
COEs are released for purchase through a competitive open bidding system twice a month. As the supply of COEs is controlled through the Vehicle Quota System (VQS), demand almost always outstrips supply. The COE prices, or Quota Premium, are then determined by bidders in an open market, giving it its NYSE-style fluctuations. Learn more about COE bidding and VQS on Onemotoring.com here.
What happens after 10 years
At the end of 10 years, you can either opt to deregister your vehicle, or renew your COE by paying the Prevailing Quota Premium (PQP). PQP is calculated as the moving average of COE prices in the previous 3 months. If you choose to renew your COE, you can do so for either 5 years or 10 years. Learn more about 5 years and 10 years renewals here.
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