Motorcycle COE Drops to $10,689 in November 2026 First Bidding Exercise
Singapore Motorcycle COE Falls Another $89 as 584 Bids Compete for 509 Available Certificates
Singapore's motorcycle Certificate of Entitlement (COE) premium has declined again, closing at $10,689 in the first bidding exercise of November 2026, held on Wednesday, 4 November.
The latest Category D COE premium represents a decrease of $89, or approximately 0.83%, from the previous premium of $10,778 recorded in October 2026 Round 2.
While the reduction is relatively modest, it marks another downward movement in motorcycle COE prices, potentially offering some relief to buyers considering a new motorcycle.
However, demand remains competitive, with 584 bids received against 509 available certificates.
November 2026 Motorcycle COE Bidding Results
The latest Category D motorcycle COE bidding figures are as follows:
| Description | November 2026 Round 1 |
|---|---|
| Motorcycle COE (Category D) | $10,689 |
| Previous COE Premium | $10,778 |
| Price Difference | -$89 |
| Percentage Change | -0.83% |
| COE Quota | 509 |
| Bids Received | 584 |
| Successful Bids | 500 |
| Bid-to-Quota Ratio | 1.15 |
With 584 bids received against a quota of 509 certificates, demand exceeded the available quota by 75 bids.
The bid-to-quota ratio stood at approximately 1.15, indicating that there were more bids than certificates available.
Interestingly, despite this oversubscription, the motorcycle COE premium still declined.
This demonstrates that COE prices are influenced not only by the number of bids submitted but also by how aggressively bidders compete.
Motorcycle COE Prices Continue Their Downward Movement
Motorcycle COE premiums have declined across the latest two bidding exercises.
| Bidding Exercise | COE Premium |
|---|---|
| October 2026 Round 1 | $11,012 |
| October 2026 Round 2 | $10,778 |
| November 2026 Round 1 | $10,689 |
Compared with October 2026 Round 1, motorcycle COE premiums have now fallen by a combined $323, or approximately 2.93%.
Although the overall reduction remains relatively small compared with the total cost of motorcycle ownership, the consecutive declines may encourage some prospective buyers to reconsider their purchasing plans.
Nevertheless, two consecutive decreases do not necessarily indicate that motorcycle COE premiums will continue falling.
Why Did Motorcycle COE Prices Drop Despite Strong Demand?
Singapore's COE bidding system determines premiums through competitive bidding, with prices influenced by both the available quota and the bidding amounts submitted.
In the November 2026 first exercise, motorcycle demand remained higher than the available quota.
However, the final premium still closed below the previous exercise.
This suggests that the distribution of bids and the prices bidders were prepared to pay were sufficient to produce a lower clearing premium.
Importantly, the total number of bids alone does not determine the final COE price.
A bidding exercise can record more bids than available certificates while still producing a lower premium compared with the previous round.
What Does the Lower Motorcycle COE Mean for Buyers?
For prospective motorcycle buyers in Singapore, the latest reduction may provide some modest savings when purchasing a new motorcycle.
However, buyers should understand that the COE premium is only one component of a motorcycle's total on-the-road price.
Other costs include the motorcycle's purchase price, applicable taxes, registration fees, insurance and road tax.
Whether the latest $89 reduction translates directly into lower motorcycle selling prices will depend on individual dealers and their pricing arrangements.
Some dealers may adjust their packages immediately, while others may continue offering existing promotional prices.
Buyers should therefore compare the complete on-the-road price rather than focusing solely on the COE premium.
Should Motorcycle Buyers Wait for COE Prices to Fall Further?
With motorcycle COE premiums declining from $11,012 to $10,689 across the latest two exercises, some buyers may wonder whether waiting could result in further savings.
However, predicting the direction of future COE premiums remains difficult.
Although the latest results show a downward movement, future premiums will depend on bidding demand, available quotas and market conditions.
For buyers who require a motorcycle for daily commuting or work, waiting for a relatively small COE reduction may not always provide meaningful savings.
Those who are not in a hurry may prefer to monitor upcoming bidding exercises before making a purchase.
Ultimately, the decision should be based on affordability, motorcycle requirements and total ownership costs.
How Will the Latest COE Results Affect Used Motorcycle Prices?
Changes in motorcycle COE premiums can also influence Singapore's used motorcycle market.
When COE premiums remain relatively high, pre-owned motorcycles with substantial remaining COE validity may continue to appeal to buyers looking for more affordable alternatives.
However, declining COE premiums could gradually make certain new motorcycle packages more competitive, depending on how dealers adjust their prices.
For buyers considering a used motorcycle, important factors include:
Remaining COE validity
Motorcycle condition and service history
Mileage and previous usage
Asking price compared with similar listings
Potential maintenance and repair expenses
A motorcycle with a lower asking price may not necessarily represent better value if its remaining COE validity is short or substantial repairs are required.
Buyers should evaluate the overall cost of ownership before making a decision.
What to Expect in the Next Motorcycle COE Bidding Exercise
The next COE bidding exercise is scheduled to begin on 16 November 2026, with results expected on 18 November 2026 at 4 PM.
The latest November results indicate that motorcycle COE premiums remain sensitive to bidding activity despite demand exceeding the available quota.
Whether premiums continue declining or rebound will depend on the next round of bidding.
Prospective motorcycle buyers and dealers should continue monitoring the market for changes in demand and COE availability.
Stay Updated with SGBikeMart
Stay informed about the latest Singapore motorcycle COE prices, bidding results and motorcycle market developments with SGBikeMart.
Whether you are planning to purchase a new motorcycle, searching for a used bike or considering selling your existing motorcycle, SGBikeMart provides motorcycle listings, dealer information and industry updates.
Check the latest motorcycle COE prices:
https://sgbikemart.com.sg/motorcycle-coe/
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https://sgbikemart.com.sg/motorcycles
Source: Land Transport Authority (LTA), November 2026 First COE Bidding Exercise. COE premiums are quoted in Singapore dollars.