PQP RATES

Certificate of Entitlement (COE) Prevailing Quota Premium (PQP) rates are specific to Singapore's vehicle ownership system. They represent the average COE prices over the last 3 months, which car owners must pay to renew their existing vehicle's COE.

The PQP system allows car owners to extend their COE for another 5 or 10 years by paying the prevailing market rate rather than bidding in the open market. This is particularly relevant for owners who wish to keep their vehicles beyond the initial 10-year COE period.

The Land Transport Authority (LTA) calculates and updates these rates monthly based on the moving average of COE prices in the preceding three months.