Motorcycle COE Bidding Results: Latest Trends and Analysis
Latest COE Bidding Results
The latest Motorcycle COE bidding results for 3 April 2024 are in. The price has increased by $311 from the 20 March 2024 results. Renewing a 10-year-old motorcycle, the April 2024 PQP price COE is $9286.
COE Overview
COE stands for Certificate of Entitlement, which is a must-have purchase to own and ride a motorcycle in Singapore. For COEs obtained from the May 2022 1st COE bidding exercise onwards:
- Non-fully electric cars with engines above 1600cc or Maximum Power Output above 97kW (130bhp)
- Fully electric cars with Maximum Power Output above 110kW (147bhp)
- Category C Goods vehicle and bus
- Category E Open (all except motorcycle)
Analyzing COE Trends
If you are looking to analyze COE trends, you can also view past and compare COE prices all the way from 2002. This can be helpful in making informed decisions about when to bid for a COE.
Recent COE News
In recent news, the bid deposit for motorcycle COEs will be raised from $800 to $1500 from the next tender on May 4. This is part of an effort to curb speculation and ensure that COEs are allocated to genuine buyers.
Motorcycles led the charge as COE premiums went up in all categories in the latest tender on Wednesday. This is due to several factors, including increased demand and a limited supply of COEs.
Conclusion
If you are considering purchasing a motorcycle in Singapore, it is important to be aware of the COE system and the latest COE bidding results. By staying informed, you can make the best decision for your needs and budget.
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