COE prices 2026: All categories take a dip; Cat B takes biggest hit of 8.53% to close at $110,890
All categories took a dip in the first bidding exercise of February 2026.
PHOTO: Ben Chia
PUBLISHED ONFebruary 04, 2026 8:45 AMBYRaewyn KohIt's a Chinese New Year 'miracle', as all Certificate of Entitlement (COE) prices took a dip in the first bidding exercise of February 2026.
Category A closed at $106,320 in this round, a 2.94 per cent drop but still significantly higher than the lowest Cat A has been this year in January when it closed at $102,009.
Category B COE premiums, which are for larger cars, saw the biggest hit this round, dropping by 8.53 per cent to close at $110,890. Category D, meant for motorcycles, took its first dip of the year to close at $8,289.
Category C, for goods vehicle and bus, continues its downward trend to close at $74,801. The same goes for Category E, the open category, where premiums decreased by 4.13 per cent to close at $116,000.
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."
Here's a summary of the results of the first COE bidding exercise of February 2026:
| 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 |
Past COE bidding results
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 |
Second November 2025 COE bidding results
| Category | Current COE | Previous COE | Difference | PQP |
| A | $109,000 | $110,002 | -$1,002 | $113,922 (Nov) |
| B | $129,890 | $115,001 | +$14,889 | $130,863 (Nov) |
| C | $76,389 | $76,000 | +$369 | $72,892 (Nov) |
| D | $8,729 | $8,600 | +$129 | $9,252 (Nov) |
| E | $125,001 | $121,010 | +$3,991 | Not applicable |
First November 2025 COE bidding results
| Category | Current COE | Previous COE | Difference | PQP |
| A | $110,002 | $122,000 | -$11,998 | $113,922 (Nov) |
| B | $115,001 | $131,889 | -$16,888 | $130,863 (Nov) |
| C | $76,000 | $76,801 | -$801 | $72,892 (Nov) |
| D | $8,600 | $9,389 | -$789 | $9,252 (Nov) |
| E | $121,010 | $136,000 | -$14,990 | 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
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