COE PQP Trends Singapore 2026: Renewal Cost Analysis

COE PQP Overview

The Prevailing Quota Premium (PQP) is the key figure that determines how much it costs to renew a Certificate of Entitlement (COE) after Year 10. Unlike the open bidding price (QP), which fluctuates weekly, PQP is calculated as a moving average of COE prices over the preceding 12 months. This means PQP is more stable than QP but still sensitive to prolonged market trends.

For Singapore vehicle owners approaching the 10-year mark, understanding PQP trends is essential for budgeting a COE renewal or deciding whether to scrap the vehicle. The table below shows PQP values across Categories A, B, and C over the past 10 months.

PQP Trends Table (Aug 2025 – May 2026)

Source: LTA Open Bidding Data. PQP values are indicative and rounded. Verify current figures on the LTA website.

Category A — Small Cars (Up to 1,600cc)

Cat A PQP has remained consistently above S$89,000 over the past 10 months, peaking at S$94,567 in November 2025. The slight dip in March 2026 (S$89,678) may reflect seasonal demand patterns — typically, COE bidding softens after the Chinese New Year period. However, the overall trend suggests sustained demand for smaller, more fuel-efficient vehicles in Singapore.

For a Cat A COE renewal, expect to budget approximately S$8,900–S$9,500 per year of remaining COE life if you plan to renew for 5 or 10 years.

Category B — Large Cars (Over 1,600cc)

Cat B PQP has stayed above S$104,000 across the entire period, reaching a high of S$110,345 in November 2025. The premium over Cat A has widened, reflecting stronger demand for luxury and larger vehicles. At current Cat B PQP levels, a 10-year renewal would cost in the range of S$104,000–S$110,000, which is a significant financial decision for any owner.

Many owners in this category consider shorter renewal terms (5 years instead of 10) to reduce upfront cost, particularly if they plan to upgrade to a newer vehicle within a few years.

Category C — Commercial Vehicles

Cat C PQP has ranged from S$67,234 to S$71,567 over the 10-month period. While lower than passenger car categories, commercial vehicle PQP has remained elevated compared to historical norms. This reflects the ongoing demand for goods vehicles in Singapore’s economy, driven by e-commerce and logistics growth.

For SME owners and fleet operators, understanding Cat C PQP trends is important for timing fleet replacement or expansion decisions. Financing options through a broker like CoeLoans can help spread this cost over manageable monthly payments.

Renewal Cost Analysis

To estimate your COE renewal cost, multiply the current PQP for your vehicle category by the number of years you intend to renew (5 or 10). For example, a Cat A vehicle with PQP at S$92,456 would cost approximately S$46,228 for a 5-year renewal or S$92,456 for a 10-year renewal.

When planning a COE renewal, consider: (1) Whether the vehicle condition justifies the COE cost, (2) whether financing is available through a COE loan, and (3) whether the PQP trend suggests waiting or buying now. Our COE Loans page has more details on financing options.

Frequently Asked Questions