Those who have been following COE trends will figure that it draws parallels to guessing games. Peaks and troughs abound typically, but last year sprung unwanted surprises where premiums soared at alarming rates - peak records were registered in four out of five categories. And towards the tail end of 2022, we saw category A COEs spike to S$90,589 - the highest since 2013.

While the final bidding exercise of 2022 saw premiums decrease in all categories except for Category B, prices are still a long way from being attainable for the masses. We won't be surprised if 6-digit COEs surface yet again, which could influence our decisions to used car purchases instead of securing the right to own a new whip, or renewing the COE of your current ride (click here to secure favourable COE loan renewal rates).

Nevertheless, we’re keeping fingers crossed during the second half of 2023, where more COE will be obtainable once vehicle deregistration increases.

COE bidding dates function systematically - there are typically 2 bids per month. Bids usually start on the first and third Monday of each month at 12pm SGT, and bids close on Wednesdays of the same week at 4pm SGT. There are three exceptions in 2023 to accommodate public holidays that fall on scheduled Mondays and Wednesdays (New Year’s Day, Labour Day and National Day).

Month | Exercise Start Date / Time | Exercise End Date / Time

January 2023 (1) | 3 Jan 2023 (Tue) 12 noon | 5 Jan 2023 (Thu), 4pm*

January 2023 (2) | 16 Jan 2023 (Mon)12 noon | 18 Jan 2023 (Wed), 4pm

February 2023 (1) | 6 Feb 2023 (Mon)12 noon | 8 Feb 2023 (Wed), 4pm

February 2023 (2) | 20 Feb 2023 (Mon)12 noon | 22 Feb 2023 (Wed), 4pm

March 2023 (1) | 6 Mar 2023 (Mon)12 noon | 8 Mar 2023 (Wed), 4pm

March 2023 (2) | 20 Mar 2023 (Mon), 12 noon | 22 Mar 2023 (Wed), 4pm

April 2023 (1) | 3 Apr 2023 (Mon), 12 noon | 5 Apr 2023 (Wed), 4pm

April 2023 (2) | 17 Apr 2023 (Mon), 12 noon | 19 Apr 2023 (Wed), 4pm

May 2023 (1) | 2 May 2023 (Tue), 12 noon 4 May 2023 (Thu), 4pm**

May 2023 (2) | 15 May 2023 (Mon), 12 noon | 17 May 2023 (Wed), 4pm

June 2023 (1) | 5 Jun 2023 (Mon), 12 noon | 7 Jun 2023 (Wed), 4pm

June 2023 (2) | 19 Jun 2023 (Mon), 12 noon | 21 Jun 2023 (Wed), 4pm

July 2023 (1) | 3 Jul 2023 (Mon), 12 noon | 5 Jul 2023 (Wed), 4pm

July 2023 (2) | 17 Jul 2023 (Mon), 12 noon | 19 Jul 2023 (Wed), 4pm

August 2023 (1) 7 Aug 2023 (Mon), 12 noon | 10 Aug 2023 (Thu), 4pm***

August 2023 (2) | 21 Aug 2023 (Mon), 12 noon | 23 Aug 2023 (Wed), 4pm

September 2023 (1) | 4 Sep 2023 (Mon), 12 noon | 6 Sep 2023 (Wed), 4pm

September 2023 (2) | 18 Sep 2023 (Mon), 12 noon | 20 Sep 2023 (Wed), 4pm

October 2023 (1) | 2 Oct 2023 (Mon), 12 noon | 4 Oct 2023 (Wed), 4pm

October 2023 (2) | 16 Oct 2023 (Mon), 12 noon | 18 Oct 2023 (Wed), 4pm

November 2023 (1) | 6 Nov 2023 (Mon), 12 noon | 8 Nov 2023 (Wed), 4pm

November 2023 (2) | 20 Nov 2023 (Mon), 12 noon | 22 Nov 2023 (Wed), 4pm

December 2023 (1) | 4 Dec 2023 (Mon), 12 noon | 6 Dec 2023 (Wed), 4pm

December 2023 (2) | 18 Dec 2023 (Mon), 12 noon | 20 Dec 2023 (Wed), 4pm

* Monday is a public holiday, in lieu of New Year’s Day which falls on Sunday, 1 Jan 2023

** Monday is a public holiday – Labour Day, 1 May 2023

*** Wednesday is a public holiday – National Day, 9 August 2023

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