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| Meta Title | COE prices 2026: All categories increase again; Cat A up by 3.28% in second March bidding exercise, Lifestyle News - AsiaOne |
| Meta Description | It's going to get a lot more expensive owning a car in Singapore, and not just because of increasing oil prices. All Certificate of Entitlement (COE) premiums have risen for the second time this month during the second COE bidding exercise of March 2026.Category A premiums, which has been on the rise for the last four bidding exercises, rose by... |
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| Boilerpipe Text | All categories are on the rise yet again.
PHOTO: Ben Chia
PUBLISHED ON
March 18, 2026 8:23 AM
BY
Raewyn Koh
It's going to get a lot more expensive owning a car in Singapore, and not just because of increasing oil prices. All Certificate of Entitlement (COE) premiums have risen for the second time this month during the second COE bidding exercise of March 2026.
Category A premiums, which has been on the rise for the last four bidding exercises, rose by 3.28 per cent to close at $111,890. Category B, for larger cars, saw a slight increase of 1.36 per cent to close at $115,568. Category C saw its biggest increase this year, a rise of 2.63 per cent, to close at $78,000. Category E, which is reserved for all vehicles except motorcycles, closed at $118,119 this round.
If you thought it might be more financially prudent to ride a motorcycle instead, this COE bidding exercises, unfortunately, proves that wrong. Category D saw the biggest jump this round — an increase of 11.47 per cent — to close at $9,589.
Here's a summary of the results of the second COE bidding exercise of March 2026:
Category
Current COE
Previous COE
Difference
PQP
A
$111,890
$108,220
+$3,670
$106,541 (March)
B
$115,568
$114,002
+$1,566
$115,938 (March)
C
$78,000
$76,000
+$2,000
$75,669 (March)
D
$9,589
$8,602
+$987
$8,367 (March)
E
$118,119
$114,890
+$3,229
Not applicable
Past COE bidding results
First March 2026 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$108,220
$106,401
+$1,719
$106,541 (March)
B
$114,002
$105,001
+$9,001
$115,938 (March)
C
$76,000
$74,999
+$1,001
$75,669 (March)
D
$8,602
$7,989
+$613
$8,367 (March)
E
$114,890
$112,890
+$2,000
Not applicable
Second February 2026 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$106,401
$106,320
+$81
$107,571 (Feb)
B
$105,001
$110,890
-$5,889
$120,772 (Feb)
C
$74,999
$74,801
+$198
$76,100 (Feb)
D
$7,989
$8,289
-$300
$8,542 (Feb)
E
$112,890
$116,000
-$3,110
Not applicable
Bids for Category B, for larger cars, decreased by another 5.3 per cent to close at $105,001, a price lower than Category A for the first time since July 2018.
First February 2026 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$106,320
$109,501
-$3,181
$107,571 (Feb)
B
$110,890
$121,634
-$10,744
$120,772 (Feb)
C
$74,801
$75,202
-$401
$76,100 (Feb)
D
$8,289
$8,860
-$571
$8,542 (Feb)
E
$116,000
$120,891
-$4,891
Not applicable
Despite the decreases across the board, COE premiums are still considerably high. Said an LTA spokesperson, "while COE prices have moderated in the recent exercise, they remain elevated, reflecting sustained demand. We advise car buyers and dealers to be prudent in bidding for COEs."
Second January 2026 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$109,501
$102,009
+$7,492
$114,004 (Jan)
B
$121,634
$119,100
+$2,534
$126,131 (Jan)
C
$75,202
$75,503
-$301
$76,166 (Jan)
D
$8,860
$8,689
+$171
$8,817 (Jan)
E
$120,891
$122,000
-$1,109
Not applicable
LTA has attributed the increase in COE prices to two factors. "COE prices have increased, likely due to seasonal demand arising from the Singapore Motor Show and the upcoming Chinese New Year period. We strongly advise car buyers and dealers to be prudent in bidding for COEs," stated an LTA spokesperson.
First January 2026 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$102,009
$109,501
-$7,492
$114,004 (Jan)
B
$119,100
$115,102
+$3,998
$126,131 (Jan)
C
$75,503
$77,003
-$1,500
$76,166 (Jan)
D
$8,689
$8,081
+$608
$8,817 (Jan)
E
$122,000
$119,000
+$3,000
Not applicable
Second December 2025 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$109,501
$105,413
+$4,088
$116,000 (Dec)
B
$115,102
$123,900
-$8,7,98
$130,362 (Dec)
C
$77,003
$76,501
+$502
$74,592 (Dec)
D
$8,081
$8,289
-$208
$9,140 (Dec)
E
$119,000
$123,000
-$4,000
Not applicable
First December 2025 COE bidding results
Category
Current COE
Previous COE
Difference
PQP
A
$105,413
$109,000
-$3,587
$116,000 (Dec)
B
$123,900
$129,890
-$5,990
$130,362 (Dec)
C
$76,501
$76,389
+$112
$74,592 (Dec)
D
$8,289
$8,729
-$440
$9,140 (Dec)
E
$123,000
$125,001
-$2,001
Not applicable
Read more about
COE prices in 2025
.
Frequently asked questions about COE
What are the COE categories?
Category A: ICE cars with an engine capacity of 1,600cc or less, and a maximum power output of 130bhp, or fully electric cars with a maximum power output of up to 110kW (147bhp).
Category B: Hybrid cars with an engine capacity above 1,600cc, and a maximum power output above 130bhp, or fully electric cars with a maximum power output above 110kW (147bhp).
Category C: Goods vehicles and buses
Category D: Motorcycles
Category E: Open - all vehicles except motorcycles
How to bid for COE?
There are two COE bidding exercises in a month - both start at 12pm on the first and third Monday of the month, and end at 4pm on Wednesday of the same week, if there are's no public holiday in between.
Bids are submitted either at a DBS/POSB ATM for individual bidders or online via DBS, UOB, or Maybank internet banking services for corporate account holders. Alternatively, most car dealerships will be able to bid on your behalf when you purchase a car, but bid prices are not guaranteed.
Steps to bid for COE:
Ensure sufficient funds in your bank account, including bank administration fees:
Cat A, B, C, and E: More than $10,000
Cat D: More than $1,500
Ensure the right bidder ID:
Individuals: Full NRIC or FIN
Corporate accounts: Full ACRA number or full registered Unique Entity Number (UEN)
Successful bids will be registered under the bidding ID given.
Select vehicle category, then key in your maximum reserve price: The minimum bid is $1, and you can revise your bid upwards, or withdraw your bid.
Pay bid deposit (listed below) and non-refundable administration fee - this varies across banks and ranges between $2-$10:
Cat A, B, C, and E: $10,000
Cat D: $1,500
Unsuccessful bids will receive back their deposit, but not the administrative fee.
Receive a six-digit Acknowledgement Code for successfully submitted bids. The code will be used for bid revisions.
How to check COE bid results?
Once bidding ends, bidding statuses are posted on the
One Motoring COE Open Bidding page
. To check if you're successful, visit
One Motoring Digital Services
and login using your SingPass.
Winning COE bids are determined by vehicle quota set by LTA and the maximum reserved price set by bidders. But, the Quota Premium (QP), that is, the COE to be paid by all successful bidders within the category, will be the sum of the highest unsuccessful bid plus $1. QP is the price for a new COE.
For example, three bidders place bids for a vehicle quota of two. Bidder A and B bid $50,000 and $45,000 respectively. Bidder C bids $35,000. Bidders A and B will be successful, but their QP will be set at $35,001.
You might also hear the term PQP thrown around. That's a Prevailing Quota Premium and is the cost to renew the COE of an existing vehicle. The PQP is calculated as the moving average of the past three months' QP.
raewyn.koh@asiaone.com
No part of this article can be reproduced without permission from AsiaOne.
Share this article
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# COE prices 2026: All categories increase again; Cat A up by 3.28% in second March bidding exercise

All categories are on the rise yet again.
PHOTO: Ben Chia
[](https://www.asiaone.com/byline/raewyn-koh)PUBLISHED ON**March 18, 2026 8:23 AM**BY[**Raewyn Koh**](https://www.asiaone.com/byline/raewyn-koh)
It's going to get a lot more expensive owning a car in Singapore, and not just because of increasing oil prices. All Certificate of Entitlement (COE) premiums have risen for the second time this month during the second COE bidding exercise of March 2026.
Category A premiums, which has been on the rise for the last four bidding exercises, rose by 3.28 per cent to close at \$111,890. Category B, for larger cars, saw a slight increase of 1.36 per cent to close at \$115,568. Category C saw its biggest increase this year, a rise of 2.63 per cent, to close at \$78,000. Category E, which is reserved for all vehicles except motorcycles, closed at \$118,119 this round.
If you thought it might be more financially prudent to ride a motorcycle instead, this COE bidding exercises, unfortunately, proves that wrong. Category D saw the biggest jump this round — an increase of 11.47 per cent — to close at \$9,589.
Here's a summary of the results of the second COE bidding exercise of March 2026:
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$111,890 | \$108,220 | \+\$3,670 | \$106,541 (March) |
| B | \$115,568 | \$114,002 | \+\$1,566 | \$115,938 (March) |
| C | \$78,000 | \$76,000 | \+\$2,000 | \$75,669 (March) |
| D | \$9,589 | \$8,602 | \+\$987 | \$8,367 (March) |
| E | \$118,119 | \$114,890 | \+\$3,229 | Not applicable |
## Past COE bidding results
**First March 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$108,220 | \$106,401 | \+\$1,719 | \$106,541 (March) |
| B | \$114,002 | \$105,001 | \+\$9,001 | \$115,938 (March) |
| C | \$76,000 | \$74,999 | \+\$1,001 | \$75,669 (March) |
| D | \$8,602 | \$7,989 | \+\$613 | \$8,367 (March) |
| E | \$114,890 | \$112,890 | \+\$2,000 | Not applicable |
**Second February 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$106,401 | \$106,320 | \+\$81 | \$107,571 (Feb) |
| B | \$105,001 | \$110,890 | \-\$5,889 | \$120,772 (Feb) |
| C | \$74,999 | \$74,801 | \+\$198 | \$76,100 (Feb) |
| D | \$7,989 | \$8,289 | \-\$300 | \$8,542 (Feb) |
| E | \$112,890 | \$116,000 | \-\$3,110 | Not applicable |
Bids for Category B, for larger cars, decreased by another 5.3 per cent to close at \$105,001, a price lower than Category A for the first time since July 2018.
**First February 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$106,320 | \$109,501 | \-\$3,181 | \$107,571 (Feb) |
| B | \$110,890 | \$121,634 | \-\$10,744 | \$120,772 (Feb) |
| C | \$74,801 | \$75,202 | \-\$401 | \$76,100 (Feb) |
| D | \$8,289 | \$8,860 | \-\$571 | \$8,542 (Feb) |
| E | \$116,000 | \$120,891 | \-\$4,891 | Not applicable |
Despite the decreases across the board, COE premiums are still considerably high. Said an LTA spokesperson, "while COE prices have moderated in the recent exercise, they remain elevated, reflecting sustained demand. We advise car buyers and dealers to be prudent in bidding for COEs."
**Second January 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$109,501 | \$102,009 | \+\$7,492 | \$114,004 (Jan) |
| B | \$121,634 | \$119,100 | \+\$2,534 | \$126,131 (Jan) |
| C | \$75,202 | \$75,503 | \-\$301 | \$76,166 (Jan) |
| D | \$8,860 | \$8,689 | \+\$171 | \$8,817 (Jan) |
| E | \$120,891 | \$122,000 | \-\$1,109 | Not applicable |
LTA has attributed the increase in COE prices to two factors. "COE prices have increased, likely due to seasonal demand arising from the Singapore Motor Show and the upcoming Chinese New Year period. We strongly advise car buyers and dealers to be prudent in bidding for COEs," stated an LTA spokesperson.
**First January 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$102,009 | \$109,501 | \-\$7,492 | \$114,004 (Jan) |
| B | \$119,100 | \$115,102 | \+\$3,998 | \$126,131 (Jan) |
| C | \$75,503 | \$77,003 | \-\$1,500 | \$76,166 (Jan) |
| D | \$8,689 | \$8,081 | \+\$608 | \$8,817 (Jan) |
| E | \$122,000 | \$119,000 | \+\$3,000 | Not applicable |
**Second December 2025 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$109,501 | \$105,413 | \+\$4,088 | \$116,000 (Dec) |
| B | \$115,102 | \$123,900 | \-\$8,7,98 | \$130,362 (Dec) |
| C | \$77,003 | \$76,501 | \+\$502 | \$74,592 (Dec) |
| D | \$8,081 | \$8,289 | \-\$208 | \$9,140 (Dec) |
| E | \$119,000 | \$123,000 | \-\$4,000 | Not applicable |
**First December 2025 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$105,413 | \$109,000 | \-\$3,587 | \$116,000 (Dec) |
| B | \$123,900 | \$129,890 | \-\$5,990 | \$130,362 (Dec) |
| C | \$76,501 | \$76,389 | \+\$112 | \$74,592 (Dec) |
| D | \$8,289 | \$8,729 | \-\$440 | \$9,140 (Dec) |
| E | \$123,000 | \$125,001 | \-\$2,001 | Not applicable |
Read more about [COE prices in 2025](https://www.asiaone.com/lifestyle/coe-prices-2025).
## Frequently asked questions about COE
**What are the COE categories?**
- Category A: ICE cars with an engine capacity of 1,600cc or less, and a maximum power output of 130bhp, or fully electric cars with a maximum power output of up to 110kW (147bhp).
- Category B: Hybrid cars with an engine capacity above 1,600cc, and a maximum power output above 130bhp, or fully electric cars with a maximum power output above 110kW (147bhp).
- Category C: Goods vehicles and buses
- Category D: Motorcycles
- Category E: Open - all vehicles except motorcycles
**How to bid for COE?**
There are two COE bidding exercises in a month - both start at 12pm on the first and third Monday of the month, and end at 4pm on Wednesday of the same week, if there are's no public holiday in between.
Bids are submitted either at a DBS/POSB ATM for individual bidders or online via DBS, UOB, or Maybank internet banking services for corporate account holders. Alternatively, most car dealerships will be able to bid on your behalf when you purchase a car, but bid prices are not guaranteed.
**Steps to bid for COE:**
- Ensure sufficient funds in your bank account, including bank administration fees:
- Cat A, B, C, and E: More than \$10,000
- Cat D: More than \$1,500
- Ensure the right bidder ID:
- Individuals: Full NRIC or FIN
- Corporate accounts: Full ACRA number or full registered Unique Entity Number (UEN)
Successful bids will be registered under the bidding ID given.
- Select vehicle category, then key in your maximum reserve price: The minimum bid is \$1, and you can revise your bid upwards, or withdraw your bid.
- Pay bid deposit (listed below) and non-refundable administration fee - this varies across banks and ranges between \$2-\$10:
- Cat A, B, C, and E: \$10,000
- Cat D: \$1,500
Unsuccessful bids will receive back their deposit, but not the administrative fee.
- Receive a six-digit Acknowledgement Code for successfully submitted bids. The code will be used for bid revisions.
**How to check COE bid results?**
Once bidding ends, bidding statuses are posted on the [One Motoring COE Open Bidding page](https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/coe-open-bidding.html). To check if you're successful, visit [One Motoring Digital Services](https://onemotoring.lta.gov.sg/content/onemotoring/home/digitalservices.html?t=login¶m=F0301007TT) and login using your SingPass.
Winning COE bids are determined by vehicle quota set by LTA and the maximum reserved price set by bidders. But, the Quota Premium (QP), that is, the COE to be paid by all successful bidders within the category, will be the sum of the highest unsuccessful bid plus \$1. QP is the price for a new COE.
For example, three bidders place bids for a vehicle quota of two. Bidder A and B bid \$50,000 and \$45,000 respectively. Bidder C bids \$35,000. Bidders A and B will be successful, but their QP will be set at \$35,001.
You might also hear the term PQP thrown around. That's a Prevailing Quota Premium and is the cost to renew the COE of an existing vehicle. The PQP is calculated as the moving average of the past three months' QP.
raewyn.koh@asiaone.com
*No part of this article can be reproduced without permission from AsiaOne.*
[Motoring](https://www.asiaone.com/tags/motoring)[COE](https://www.asiaone.com/tags/coe)[Cars](https://www.asiaone.com/tags/cars)
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| Readable Markdown | 
All categories are on the rise yet again.
PHOTO: Ben Chia
[](https://www.asiaone.com/byline/raewyn-koh)PUBLISHED ON**March 18, 2026 8:23 AM**BY[**Raewyn Koh**](https://www.asiaone.com/byline/raewyn-koh)
It's going to get a lot more expensive owning a car in Singapore, and not just because of increasing oil prices. All Certificate of Entitlement (COE) premiums have risen for the second time this month during the second COE bidding exercise of March 2026.
Category A premiums, which has been on the rise for the last four bidding exercises, rose by 3.28 per cent to close at \$111,890. Category B, for larger cars, saw a slight increase of 1.36 per cent to close at \$115,568. Category C saw its biggest increase this year, a rise of 2.63 per cent, to close at \$78,000. Category E, which is reserved for all vehicles except motorcycles, closed at \$118,119 this round.
If you thought it might be more financially prudent to ride a motorcycle instead, this COE bidding exercises, unfortunately, proves that wrong. Category D saw the biggest jump this round — an increase of 11.47 per cent — to close at \$9,589.
Here's a summary of the results of the second COE bidding exercise of March 2026:
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$111,890 | \$108,220 | \+\$3,670 | \$106,541 (March) |
| B | \$115,568 | \$114,002 | \+\$1,566 | \$115,938 (March) |
| C | \$78,000 | \$76,000 | \+\$2,000 | \$75,669 (March) |
| D | \$9,589 | \$8,602 | \+\$987 | \$8,367 (March) |
| E | \$118,119 | \$114,890 | \+\$3,229 | Not applicable |
## Past COE bidding results
**First March 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$108,220 | \$106,401 | \+\$1,719 | \$106,541 (March) |
| B | \$114,002 | \$105,001 | \+\$9,001 | \$115,938 (March) |
| C | \$76,000 | \$74,999 | \+\$1,001 | \$75,669 (March) |
| D | \$8,602 | \$7,989 | \+\$613 | \$8,367 (March) |
| E | \$114,890 | \$112,890 | \+\$2,000 | Not applicable |
**Second February 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$106,401 | \$106,320 | \+\$81 | \$107,571 (Feb) |
| B | \$105,001 | \$110,890 | \-\$5,889 | \$120,772 (Feb) |
| C | \$74,999 | \$74,801 | \+\$198 | \$76,100 (Feb) |
| D | \$7,989 | \$8,289 | \-\$300 | \$8,542 (Feb) |
| E | \$112,890 | \$116,000 | \-\$3,110 | Not applicable |
Bids for Category B, for larger cars, decreased by another 5.3 per cent to close at \$105,001, a price lower than Category A for the first time since July 2018.
**First February 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$106,320 | \$109,501 | \-\$3,181 | \$107,571 (Feb) |
| B | \$110,890 | \$121,634 | \-\$10,744 | \$120,772 (Feb) |
| C | \$74,801 | \$75,202 | \-\$401 | \$76,100 (Feb) |
| D | \$8,289 | \$8,860 | \-\$571 | \$8,542 (Feb) |
| E | \$116,000 | \$120,891 | \-\$4,891 | Not applicable |
Despite the decreases across the board, COE premiums are still considerably high. Said an LTA spokesperson, "while COE prices have moderated in the recent exercise, they remain elevated, reflecting sustained demand. We advise car buyers and dealers to be prudent in bidding for COEs."
**Second January 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$109,501 | \$102,009 | \+\$7,492 | \$114,004 (Jan) |
| B | \$121,634 | \$119,100 | \+\$2,534 | \$126,131 (Jan) |
| C | \$75,202 | \$75,503 | \-\$301 | \$76,166 (Jan) |
| D | \$8,860 | \$8,689 | \+\$171 | \$8,817 (Jan) |
| E | \$120,891 | \$122,000 | \-\$1,109 | Not applicable |
LTA has attributed the increase in COE prices to two factors. "COE prices have increased, likely due to seasonal demand arising from the Singapore Motor Show and the upcoming Chinese New Year period. We strongly advise car buyers and dealers to be prudent in bidding for COEs," stated an LTA spokesperson.
**First January 2026 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$102,009 | \$109,501 | \-\$7,492 | \$114,004 (Jan) |
| B | \$119,100 | \$115,102 | \+\$3,998 | \$126,131 (Jan) |
| C | \$75,503 | \$77,003 | \-\$1,500 | \$76,166 (Jan) |
| D | \$8,689 | \$8,081 | \+\$608 | \$8,817 (Jan) |
| E | \$122,000 | \$119,000 | \+\$3,000 | Not applicable |
**Second December 2025 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$109,501 | \$105,413 | \+\$4,088 | \$116,000 (Dec) |
| B | \$115,102 | \$123,900 | \-\$8,7,98 | \$130,362 (Dec) |
| C | \$77,003 | \$76,501 | \+\$502 | \$74,592 (Dec) |
| D | \$8,081 | \$8,289 | \-\$208 | \$9,140 (Dec) |
| E | \$119,000 | \$123,000 | \-\$4,000 | Not applicable |
**First December 2025 COE bidding results**
| | | | | |
|---|---|---|---|---|
| Category | Current COE | Previous COE | Difference | PQP |
| A | \$105,413 | \$109,000 | \-\$3,587 | \$116,000 (Dec) |
| B | \$123,900 | \$129,890 | \-\$5,990 | \$130,362 (Dec) |
| C | \$76,501 | \$76,389 | \+\$112 | \$74,592 (Dec) |
| D | \$8,289 | \$8,729 | \-\$440 | \$9,140 (Dec) |
| E | \$123,000 | \$125,001 | \-\$2,001 | Not applicable |
Read more about [COE prices in 2025](https://www.asiaone.com/lifestyle/coe-prices-2025).
## Frequently asked questions about COE
**What are the COE categories?**
- Category A: ICE cars with an engine capacity of 1,600cc or less, and a maximum power output of 130bhp, or fully electric cars with a maximum power output of up to 110kW (147bhp).
- Category B: Hybrid cars with an engine capacity above 1,600cc, and a maximum power output above 130bhp, or fully electric cars with a maximum power output above 110kW (147bhp).
- Category C: Goods vehicles and buses
- Category D: Motorcycles
- Category E: Open - all vehicles except motorcycles
**How to bid for COE?**
There are two COE bidding exercises in a month - both start at 12pm on the first and third Monday of the month, and end at 4pm on Wednesday of the same week, if there are's no public holiday in between.
Bids are submitted either at a DBS/POSB ATM for individual bidders or online via DBS, UOB, or Maybank internet banking services for corporate account holders. Alternatively, most car dealerships will be able to bid on your behalf when you purchase a car, but bid prices are not guaranteed.
**Steps to bid for COE:**
- Ensure sufficient funds in your bank account, including bank administration fees:
- Cat A, B, C, and E: More than \$10,000
- Cat D: More than \$1,500
- Ensure the right bidder ID:
- Individuals: Full NRIC or FIN
- Corporate accounts: Full ACRA number or full registered Unique Entity Number (UEN)
Successful bids will be registered under the bidding ID given.
- Select vehicle category, then key in your maximum reserve price: The minimum bid is \$1, and you can revise your bid upwards, or withdraw your bid.
- Pay bid deposit (listed below) and non-refundable administration fee - this varies across banks and ranges between \$2-\$10:
- Cat A, B, C, and E: \$10,000
- Cat D: \$1,500
Unsuccessful bids will receive back their deposit, but not the administrative fee.
- Receive a six-digit Acknowledgement Code for successfully submitted bids. The code will be used for bid revisions.
**How to check COE bid results?**
Once bidding ends, bidding statuses are posted on the [One Motoring COE Open Bidding page](https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/coe-open-bidding.html). To check if you're successful, visit [One Motoring Digital Services](https://onemotoring.lta.gov.sg/content/onemotoring/home/digitalservices.html?t=login¶m=F0301007TT) and login using your SingPass.
Winning COE bids are determined by vehicle quota set by LTA and the maximum reserved price set by bidders. But, the Quota Premium (QP), that is, the COE to be paid by all successful bidders within the category, will be the sum of the highest unsuccessful bid plus \$1. QP is the price for a new COE.
For example, three bidders place bids for a vehicle quota of two. Bidder A and B bid \$50,000 and \$45,000 respectively. Bidder C bids \$35,000. Bidders A and B will be successful, but their QP will be set at \$35,001.
You might also hear the term PQP thrown around. That's a Prevailing Quota Premium and is the cost to renew the COE of an existing vehicle. The PQP is calculated as the moving average of the past three months' QP.
raewyn.koh@asiaone.com
*No part of this article can be reproduced without permission from AsiaOne.*
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