COE prices fall again in 1st bidding exercise for November 2024

Certificate of Entitlement (COE) fell for the second consecutive exercise in the first bidding for November 2024, with Category A dipping below the $100,000 mark once more, and Categories B and E seeing drops of over $5,000.

Cat A COEs, which are used for cars with internal combustion engines (ICEs) of up to 1,600cc in capacity and have a power output of less than 130hp, as well as electric cars with a power output of up to 110kW, went down by $3,011 to end the bidding exercise at $99,889.

Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw premiums going down by $5,889 to end at $108,001.

Cat C, which are for goods vehicles and buses, saw prices went down by $4,599 to end the bidding exercise at $68,340.

Cat D, which are reserved for motorcycles, went down by $500 to close at $9,089.

Finally, Cat E, which is open to all vehicles except motorcycles, saw premiums go down by $5,700 to finish the exercise at $109,000.

Here's a summary of the first COE bidding exercise for November 2024:

*PQP, or Prevailing Quota Premium, is the moving average of COE prices in the last 3 months, and denotes the amount payable in order to renew a car's COE at the end of its tenure.

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