COE / PQP FORECAST FOR APRIL 2024

Welcome to the very first edition of the COE / PQP forecasting by your very own editor with self-proclaimed expertise in Singapore’s car industry! (Just Kidding)

As we know, nothing moves in a straight line, but the long term outlook for the COE prices in Singapore look to be on the downtrend towards 2026. Why? It’s all about supply. Not surpisingly, COE has been generally trending downwards since the crazy season from Oct-Dec 2023, after LTA’s back to back announcements. Very very interestingly, LTA was even quoted here that the “peak supply period would be from 2026”. Coupled with the fact that elections would come by Nov 2025.. Do you think the higher ups would want angry motorists in an election year? :p

However, since there has been some backorders from the Singapore Motorshow in January, and finally some supply coming in from overseas, we do expect that COE levels for the next March 2024 bidding to maintain at the 80k level for CAT A and 90k level for CAT B, with slight increases for both.

COE Renewal (PQP) Forecast for April 2024?

According to my Crystal Ball:

CAT A COE $78,671
CAT B COE $98,382

Long-term predictions?

Will see the lows of CAT A COE at 60k+, CAT B COE 80k+ by 2026.

Interested in timing your COE Renewal? Seek advice from us here.