COE prices fall again in 1st bidding exercise for November 2024
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PUBLISHED ONNovember 06, 2024 8:20 AMByTan Jia Jun
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:
| Category | Current COE | Previous COE | Difference | PQP* |
| A | $99,889 | $102,900 | -$3,011 | $98,317 (Nov) |
| B | $108,001 | $113,890 | -$5,889 | $109,698 (Nov) |
| C | $68,340 | $72,939 | -$4,599 | $73,242 (Nov) |
| D | $9,089 | $9,589 | -$500 | $9,701 (Nov) |
| E | $109,000 | $114,700 | -$5,700 | Not applicable |
*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.
jiajun.tan@asiaone.com
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