Singapore's vehicle ownership system is unique, particularly when it comes to the Certificate of Entitlement (COE). When a vehicle's COE expires, the owner must either deregister the vehicle or renew its COE.
Unlike obtaining a COE for a newly registered vehicle, an existing vehicle owner does not need to participate in another COE bidding exercise when renewing the COE. Instead, the owner pays the Prevailing Quota Premium (PQP).
This guide explains what PQP is, how PQP is calculated, the latest PQP and COE rates in Singapore, the difference between 5-year and 10-year COE renewal, and what vehicle owners should consider before renewing their COE.
Latest PQP Rates in Singapore – November 2026
Source: LTA OneMotoring
What Is PQP?
PQP stands for Prevailing Quota Premium. It is the amount payable to renew the COE of an existing vehicle in Singapore.
A COE generally gives the vehicle owner the right to own and use the vehicle for 10 years.
When the COE reaches expiry, the vehicle owner generally has two options:
- Renew the existing COE by paying the applicable PQP; or
- Deregister the vehicle.
Unlike obtaining a COE for a new vehicle, you do not need to participate in COE bidding when renewing an existing COE.
Simple way to remember:
COE Quota Premium (QP) = bidding price
PQP = COE renewal price
How Is PQP Calculated?
PQP is calculated using the moving average of the COE Quota Premiums from the last three months in which bidding exercises were conducted .
COE bidding exercises are normally conducted twice each month. As a result, PQP usually reflects several recent COE bidding results rather than the price from only one exercise.
Months in which no COE bidding exercise is conducted are excluded from the PQP calculation.
PQP is calculated separately for each vehicle category. This means that Category A and Category B have different PQP rates.
What Are Category A and Category B Cars?
Category A
For COEs obtained from the May 2022 first bidding exercise onwards, Category A generally covers:
- Non-fully-electric cars with engine capacity up to 1,600cc and maximum power output up to 97kW (130bhp).
- Fully electric cars with maximum power output up to 110kW (147bhp).
Category B
Category B generally covers:
- Non-fully-electric cars with engine capacity above 1,600cc or maximum power output above 97kW (130bhp).
- Fully electric cars with maximum power output above 110kW (147bhp).
Latest COE Prices in Singapore – 4 November 2026
The latest completed COE Open Bidding Exercise ended on 4 November 2026 at 4:00 PM (1st bidding).
| Category | Latest COE QP | Previous QP | Change |
|---|---|---|---|
| Category A | S$139,001 | S$132,004 | +S$6,997 |
| Category B | S$132,334 | S$131,901 | +S$433 |
Category A rose by S$6,997 from the previous bidding exercise, while Category B rose by S$433.
Category A closed S$6,667 higher than Category B in the latest bidding exercise.
COE bidding source: LTA OneMotoring – COE Open Bidding Results. These COE quota premiums (QP) are different from monthly PQP renewal rates.
For a more detailed view of recent bidding movements, visit our COE Price Trends page.
Latest PQP Trend in Singapore 2026
PQP rates for both Category A and Category B have generally increased during 2026.
| Month | Category A PQP | Category B PQP |
|---|---|---|
| April 2026 | S$107,407 | S$114,366 |
| May 2026 | S$112,324 | S$114,577 |
| June 2026 | S$118,357 | S$121,218 |
| July 2026 | S$123,315 | S$124,705 |
| August 2026 | S$125,646 | S$127,835 |
| September 2026 | S$126,208 | S$128,697 |
| October 2026 | S$128,715 | S$131,615 |
| November 2026 | S$129,883 | S$131,819 |
From October to November 2026:
- Category A PQP increased by S$1,168, or approximately 0.9%.
- Category B PQP increased by S$204, or approximately 0.2%.
From April to November 2026, Category A PQP increased from S$107,407 to S$129,883 — an increase of approximately 20.9%.
Over the same period, Category B increased from S$114,366 to S$131,819 — an increase of approximately 15.3%.
5-Year vs 10-Year COE Renewal
Depending on your vehicle category, you may be able to renew your COE for either 5 years or 10 years.
5-Year COE Renewal
A 5-year renewal requires payment of 50% of the applicable PQP, rounded up to the nearest dollar.
Based on November 2026 PQP:
- Cat A: S$64,942
- Cat B: S$65,910
For Category A and Category B vehicles, a 5-year COE renewal can only be made once.
When the renewed 5-year COE expires, the vehicle must be deregistered.
10-Year COE Renewal
A 10-year renewal requires payment of the full applicable PQP.
Based on November 2026 PQP:
- Cat A: S$129,883
- Cat B: S$131,819
For Category A and B vehicles with no statutory lifespan, there is no limit to the number of 10-year COE renewals, subject to the applicable rules and PQP at the time.
When Should You Renew Your COE?
Renewing Before COE Expiry
You may renew your COE before it expires. If you renew early, the new COE period starts from the first day of the month after the renewal.
Any unused portion of your existing COE will be forfeited. Therefore, vehicle owners should compare the potential PQP saving with the value of the unused COE period.
Renewing in the COE Expiry Month
If you renew during the month in which your COE expires, your renewed COE starts the day after your existing COE expires. You therefore do not forfeit the unused portion of the existing COE.
Renewing After COE Expiry
A COE may generally be renewed within one month after its expiry date, subject to a late renewal fee.
For a late renewal, the PQP applicable to the month in which the COE expired is payable.
Once the COE expires, the vehicle cannot be used on the road until its COE has been renewed.
For a detailed timing guide, read: How to Extend Your COE – Step-by-Step Guide .
What Does a High PQP Mean for Vehicle Owners?
Cost of Ownership
A higher PQP means a higher upfront cost to keep an existing vehicle for another 5 or 10 years.
Vehicle Condition
An older vehicle requiring significant maintenance may make an expensive COE renewal less attractive.
Replacement Cost
Vehicle owners should compare the cost of renewing the existing vehicle with the total cost of replacing it.
Why PQP Can Lag Behind COE Prices
Because PQP uses a three-month moving average, it may not immediately reflect a sharp rise or fall in an individual COE bidding exercise.
For example, Category A and B COE QPs fell in the 7 October 2026 bidding exercise, then rose in the 21 October 2026 exercise. October's PQP rates remained unchanged because they were calculated from earlier bidding results.
Choosing the Right Renewal Month
Some vehicle owners monitor COE bidding results and PQP trends before deciding whether to renew early or wait until the COE expiry month.
However, future COE prices cannot be predicted with certainty. Any possible PQP saving from early renewal should be balanced against the remaining portion of the existing COE that will be forfeited.
Can You Finance Your PQP or COE Renewal?
Yes. Eligible vehicle owners may consider COE renewal financing if they prefer to spread the cost of their COE renewal over monthly repayments instead of paying the full PQP upfront.
Before choosing COE renewal financing, consider:
- Amount financed
- Interest rate
- Loan tenure
- Monthly instalment
- Total interest
- Total repayment
- Vehicle age and condition
- How long you intend to keep the vehicle
PQP vs COE: What's the Difference?
| Comparison | COE Quota Premium | PQP |
|---|---|---|
| Used for | Obtaining a COE through bidding | Renewing an existing COE |
| How price is determined | Individual COE bidding exercise | Moving average of recent COE QPs |
| Need to bid? | Yes | No |
| Price changes | Each bidding exercise | Monthly |
| Main purpose | Obtain a COE | Renew an existing COE |
Conclusion: Check the Latest PQP Before Renewing Your COE
PQP is an important part of Singapore's COE renewal system. Instead of bidding for another COE, vehicle owners renewing an existing COE pay the applicable Prevailing Quota Premium.
For November 2026, the PQP is:
- Category A: S$129,883
- Category B: S$131,819
The latest COE bidding exercise on 4 November 2026 closed at S$139,001 for Category A and S$132,334 for Category B. These are bidding premiums (QP), not the November PQP renewal rates.
Before renewing, consider the current PQP, vehicle condition, remaining ownership plans, maintenance costs, replacement cost and available COE renewal financing options.
Planning to Renew Your COE?
Estimate your monthly repayment with our PQP Loan Calculator or explore ValueMax Auto Finance COE renewal financing options.
COE and PQP information is based on data published by Singapore's Land Transport Authority / OneMotoring. Rates and regulations may change. Always verify the applicable PQP and COE renewal requirements before completing your renewal. Financing is subject to eligibility, approval and applicable terms and conditions.