COE Bidding – Feb 2025

[Carbon82]

Didn't realized that I have been maintaining this database of mine for a quarter century! 😅 If one day the file is corrupted, I don't think I have the energy to do it all over again.

Community Service brought to you by MCF

Good Luck to all vested!

3 useful links for MCFers

• Real Time COE Bidding Results (LTA)
• Check Your COE Bidding Status (LTA)
• Latest COE Prices and Trending (SGcarmart)

Highest Record

• Cat A => $106,000 [Oct 2023]
• Cat B => $150,001 [Oct 2023]
• Cat C => $91,101 [Mar 2023]
• Cat D => $13,189 [Nov 2022]
• Cat E => $158,004 [Oct 2023]

Lowest Record

• Cat A => $2 [Nov 2008]
• Cat B => $200 [Jan 2009]
• Cat C => $1 [Mar 2007]
• Cat D => $1 [Mar 2003]
• Cat E => $3,000 [Feb 2009]

Past Bidding Results (2001 - 2024)

 

Past Bidding Results (2025)

24 Months Trend Chart (Feb 2023 - Jan 2025) *chart taken from www.sgcarmart.com

PQP (2010 - 2024)

 

PQP (2025)

The details of the Feb 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 3 Feb 2025, 12 noon
Tender closes: Wednesday, 5 Feb 2025, 4.00 pm
Tender results: Wednesday, 5 Feb 2025 (Available on the www.onemotoring.lta.gov.sg)

The total quota available for this tender is 2,869 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES
Category A : Cars (up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 1,138
Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 748
Category D : Motorcycles => 524

TRANSFERABLE CATEGORIES
Category C : Goods Vehicles and Buses => 260
Category E : Open Category => 199

[13177]

Thanks for the past quarter century effort. 👍

Anyway, i guess next round COE still about the same la or even up. 😅

[Wildfaye29]

up up down down up up down!

[Koster]

Got new PHV company rite?

[inlinesix]

On 2/2/2025 at 10:34 AM, Koster said:

Got new PHV company rite?

New license issued.

Both companies are not new

Edited February 2 by inlinesix

[Koster]

On 2/2/2025 at 10:36 AM, inlinesix said:

New license issued.

Both companies are not new

Oh so likely not bidding then unless they are renewing or expanding their fleet.

[Invigorated]

On 2/2/2025 at 10:46 AM, Koster said:

Oh so likely not bidding then unless they are renewing or expanding their fleet.

They may possibly take up resale cars too so not necessarily new cars. 

[Benarsenal]

https://www.facebook.com/share/p/1FEovVauYM/

Edited February 2 by Benarsenal

[SGCM928]

@Carbon82 thanks for compiling the data, very detailed and impressive.💪

LTA collected $4.63b last year from 24 rounds of bidding exercise, which is $1.1b (32%) higher than in 2023.

Looking at the trend, we are just at the beginning of the climb. The last time when COE premium surged by >30% is in 2015, and for the next 2 years, COE revenue increased to the peak of close to $4.9b (2017).

More GOOD year ahead (for LTA).🤑

[Ginyu]

It seems like continuing strong demand for phv will keep COE high.  read a comment mentioned that one rental company one shot bid for 60 COEs. The cost just pass down to the consumers song🤣

 

 

Edited February 2 by Ginyu

[scottilenko]

I went to take a look at Hyundai’s Santa Fe this weekend.

Komoco offered:

$291,999 COE guaranteed, 3 bids, COE rebate $106,000

or 

$269,999 COE non guaranteed, 8 bid, COE rebate $82,000

can’t really decide what to do here. On one hand, I feel like the $269,999 is a better deal, but Komoco lowered the rebate to $82,000, which suggests:

a) COE needs to drop >$34,000 for me to get any rebates within next 8 biddings (seems quite unlikely)

b) But I am locked in for next 4 months (8 biddings) at current prices if COE really does drop that much

 

cant decide what to do - any thoughts?

[Carbon82]

On 2/2/2025 at 9:30 PM, scottilenko said:

I went to take a look at Hyundai’s Santa Fe this weekend.

Komoco offered:

$291,999 COE guaranteed, 3 bids, COE rebate $106,000

or 

$269,999 COE non guaranteed, 8 bid, COE rebate $82,000

can’t really decide what to do here. On one hand, I feel like the $269,999 is a better deal, but Komoco lowered the rebate to $82,000, which suggests:

a) COE needs to drop >$34,000 for me to get any rebates within next 8 biddings (seems quite unlikely)

b) But I am locked in for next 4 months (8 biddings) at current prices if COE really does drop that much

 

cant decide what to do - any thoughts?

I will let the numbers do the talking.

I sensed that Komoco maybe trying to keep some buffer in case there is any changes in vehicle taxes (again) in 2 weeks time.

[Gnahp]

On 2/2/2025 at 10:11 PM, Carbon82 said:

I will let the numbers do the talking.

I have a feeling Komoco is trying to keep some buffer in case there are changes in vehicle taxes (again) in 2 weeks time.

almost $300k for a 1.6L korean SUV 😵‍💫

 

[13177]

On 2/2/2025 at 10:22 PM, Gnahp said:

almost $300k for a 1.6L korean SUV 😵‍💫

 

Super scary and crazy. 300k for a korea car, only can find in this unique SG. 😅

[Invigorated]

On 2/2/2025 at 9:30 PM, scottilenko said:

I went to take a look at Hyundai’s Santa Fe this weekend.

Komoco offered:

$291,999 COE guaranteed, 3 bids, COE rebate $106,000

or 

$269,999 COE non guaranteed, 8 bid, COE rebate $82,000

can’t really decide what to do here. On one hand, I feel like the $269,999 is a better deal, but Komoco lowered the rebate to $82,000, which suggests:

a) COE needs to drop >$34,000 for me to get any rebates within next 8 biddings (seems quite unlikely)

b) But I am locked in for next 4 months (8 biddings) at current prices if COE really does drop that much

 

cant decide what to do - any thoughts?

I think from carbon82 posting.. with profits at 40k and 60k, the simple suggestion here is to decide to do.. nothing. 

[13177]

On 2/2/2025 at 11:21 PM, Invigorated said:

I think from carbon82 posting.. with profits at 40k and 60k, the simple suggestion here is to decide to do.. nothing. 

If your pocket is very deep, then still can decide to buy la. Lol.

[ER-3682]

Buying a 10 Footer Lorry soon,hope Cat C COE drop.

[SGCM928]

On 2/2/2025 at 10:22 PM, Gnahp said:

almost $300k for a 1.6L korean SUV 😵‍💫

 

Komoco is doing themselves a disfavor by pricing the hybrid Santa Fe at such high price, where many higher end EVs can be had for less.

If one need a 7 seater with good (SUV like) visibility, Denza D9 (around $280k), Maxus Mifa 7 (around $230k), or on the lower end of the spectrum, the BYD M6 (around $170k).

There's a reason why EV account for one third of new car sold here in 2024, and the number is set to grow further this year. But things might change if the EEAI is reduced or removed by end of the year.