Car Ownership COE


32 Comments

The Certificate of Entitlement (COE), instituted by the government of Singapore since May 1990, is a program designed to limit car ownership and hence the number of vehicles on the country’s roads. This system in effect requires residents to bid for the right to buy a motor vehicle, with the number of certificates deliberately restricted.

The COE allows holders to own a car for a period of 10 years, after which they must scrap or export their car with financial incentives or bid for another COE at the prevailing rate if they wish to continue using their car for a further 5 or 10 years.

Five categories of COE
Category A: Cars (1600cc & below) & Taxi
Category B: Cars (above 1600cc)
Category D: Motorcycles
Category C: Goods Vehicles and Buses
Category E: Open Category

COE Timeline

1990 – COE introduced.
2002 – COE bidding system revised.
2010 – Government announced new formula will be used to determine the vehicle quota.
2011 – Government announced reducing car growth from the current 1.5% to 1.0% in 2012, and then to 0.5% in 2013 and 2014.

COE Trend from 2001 to 2011 (Excel)

The above showed that the price of COE may have flatten (due to Government intervention) at $60,000 for Category A cars. Looking at the $$$ collected by the Government for the PR excercise done (constant public reminder of the impending COE cuts), their objective has been met. From here forward, the price fluctuation will probably be caused by the economic outlook and moves in tandem with the Singapore stocks market. This point was confirmed by Transport Minister. In 2012, the Category A COE hovered around $60,000 to $70,000. So we should be seeing more new cars with a price tag of around $130,000 – Small diesel car from Europe or Hybrid cars from Japan?

In Jan 2013, Category A COE jumped to $92,100.

Singapore Car Ownership Lingo:

PARF Car – All new cars come with an OMV. If the vehicle is de-registered within 10 years from its first registration date, the registered owner will be entitled to a PARF Rebate. Hence the term PARF Car.

COE Car – Should an owner wish to continue using a car after 10 years, he will have to renew the COE for his car. The amount to pay will depend on the PQP. If COE is renewed, there will no longer be any PARF Rebate when you de-register the vehicle. As such, only the COE rebate will be available upon de-registering of the vehicle, thus giving raise to the name COE Car.

Singapore Car Ownership Abbreviations:

OMV – Open Market Value.

PARF – Preferential Additional Registration Fee.

PQP – Prevailing Quota Premium.

Update: From 1 January 2013, the special tax for diesel cars that are compliant with the Euro V standard will be reduced from $1.25 to S$0.40 per cubic cm of engine capacity.

32 Responses to “Car Ownership COE”

  1. Reader wrote:
    On May 30th, 2015 at 4:20 am

    Thanks for sharing your thoughts on general. Regards

  2. Reader wrote:
    On June 2nd, 2015 at 8:16 pm

    For the reason that the admin of this web site
    is working, no hesitation very rapidly it will be well-known, due to
    its quality contents.

  3. Reader wrote:
    On June 3rd, 2015 at 9:57 pm

    This web site definitely has all the information and facts I wanted concerning this subject and didn’t know who to ask.

  4. Reader wrote:
    On June 4th, 2015 at 11:26 pm

    Good day! This is my first visit to your blog! We are a team of volunteers
    and starting a new project in a community in the same niche.

    Your blog provided us valuable information to work on. You have done a wonderful job!

  5. Reader wrote:
    On June 6th, 2015 at 1:24 am

    This is a topic that is close to my heart… Thank
    you! Exactly where are your contact details though?

  6. Reader wrote:
    On June 13th, 2015 at 1:17 pm

    My brother suggested I would possibly like this website.
    He used to be entirely right. This put up truly made my day.
    You can not consider just how so much time I had spent for this information! Thank you!

  7. Reader wrote:
    On June 20th, 2015 at 4:37 pm

    I got this site from my pal who shared with me on the topic of this web site and
    at the moment this time I am browsing this website and reading very informative content at this time.

  8. Reader wrote:
    On July 7th, 2015 at 9:26 am

    I used to be suggested this website by way of my cousin. I’m not sure whether or
    not this post is written by way of him as nobody else know such targeted approximately my difficulty.

    You are incredible! Thank you!

  9. Reader wrote:
    On July 11th, 2015 at 9:48 pm

    Heya i’m for the primary time here. I came across this board and I in finding It really helpful & it
    helped me out a lot. I am hoping to present something again and aid others such as you helped me.

  10. Reader wrote:
    On August 16th, 2015 at 12:06 am

    Needed to create you that very small observation in order to say thanks again on your pleasing concepts you have contributed at this time.

  11. Reader wrote:
    On August 27th, 2015 at 5:06 pm

    Hi, Neat post. There’s an issue with your web site
    in internet explorer, might test this? IE nonetheless is the market chief and a good section of other folks will pass over your wonderful writing
    due to this problem.

  12. Reader wrote:
    On September 10th, 2015 at 4:36 pm

    I am regular reader, how are you everybody? This piece of writing posted at this site is in fact nice.

  13. Reader wrote:
    On September 27th, 2015 at 8:08 am

    How to restore computer when my computer just randomly shuts off?

  14. Reader wrote:
    On September 27th, 2015 at 11:57 am

    How do I make one of my blog posts appear on another one of my pages?

  15. Reader wrote:
    On September 28th, 2015 at 2:12 am

    vU2vdU Wow, marvelous blog structure! How lengthy have you ever been blogging for? you made blogging look easy. The whole look of your website is excellent, let alone the content material!

  16. Reader wrote:
    On September 28th, 2015 at 4:11 am

    Actually, I?m a blog starter. I just want more people to visit my blog to make me a popular blog. I?m capable of writing, and I know writing skill is a must. But is there any other way to make my blog more popular?.

  17. Reader wrote:
    On October 2nd, 2015 at 3:37 am

    How my blog post title to appear not the blog title during a search engine query for a specific keyword?

  18. Reader wrote:
    On October 16th, 2015 at 6:11 am

    Howdy! This is my 1st comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading through your posts.
    Can you recommend any other blogs/websites/forums that deal with the same topics?
    Thanks!

  19. Reader wrote:
    On October 16th, 2015 at 5:35 pm

    That is really interesting, You’re a very skilled blogger.
    I have joined your feed and stay up for seeking more of your wonderful post.

    Also, I have shared your site in my social networks

  20. Reader wrote:
    On October 17th, 2015 at 3:19 am

    You made some nice points there. I looked on the internet for the subject matter and found most individuals will consent with your website.

  21. Reader wrote:
    On December 29th, 2015 at 10:21 am

    Thanks-a-mundo for the blog post.Really thank you! Really Cool.

  22. Reader wrote:
    On March 1st, 2016 at 9:42 am

    zl0DwO I value the article post.Really looking forward to read more. Want more.

  23. Reader wrote:
    On March 4th, 2016 at 3:20 pm

    There may be noticeably a bundle to learn about this. I assume you made certain good points in features also.

  24. Reader wrote:
    On April 3rd, 2016 at 4:48 am

    It is actually almost unattainable to find well-informed individuals on this niche, however, you look like you fully grasp what you’re talking about! Cheers

  25. Reader wrote:
    On April 7th, 2016 at 12:35 am

    J6HfEr It as really a great and useful piece of info. I am glad that you shared this helpful information with us. Please keep us up to date like this. Thanks for sharing.

  26. Reader wrote:
    On May 14th, 2016 at 8:55 am

    Your style is very unique compared to other folks I have read stuff from. Thank you for posting when you ave got the opportunity, Guess I will just bookmark this site.

  27. Reader wrote:
    On May 16th, 2016 at 9:38 pm

    DknciL Say, you got a nice article. Really Great.

  28. Reader wrote:
    On August 4th, 2016 at 9:16 am

    L0EBJd I simply could not leave your website before suggesting that I actually loved the usual information an individual supply in your guests? Is gonna be back regularly in order to inspect new posts

  29. Reader wrote:
    On October 11th, 2016 at 9:55 am

    72tI1i Thanks so much for the post.Thanks Again. Much obliged.

  30. Reader wrote:
    On April 3rd, 2017 at 8:54 am

    Really informative blog article. Fantastic.

  31. Reader wrote:
    On April 8th, 2017 at 6:52 pm

    A big thank you for your post.Thanks Again. Really Cool.

  32. Reader wrote:
    On April 11th, 2017 at 7:17 am

    Very informative post.Much thanks again. Really Great.

Leave a Reply

Blog at WordPress.com. Entries RSS Comments RSS   Theme: Basic by ThemeLab.