ZrO2 powders stabilized with Y2O3 and CeO2 of various compositions were prepared by the coprecipitation of water-soluble ZrOCl2.8H2O, YCl3.6H2O and Ce(NO3)3.6H2O, and their compacts were pressurelessly sintered at 1400 and 150$0^{circ}C$ for 2hrs in air. 2mol% Y2O3-ZrO3 showed the most superior strength (1003MPa) and microhardness (12.6GPa), while 10 mol%CeO2-ZrO2 had the hightest toughness (13.3 MPa.m1/2) after sintering at 140$0^{circ}C$. The addition of Y2O3 into Y2O3-ZrO3 decreased mean grain size and increased strength and hardness but decrease toughness. On the other hand, the addition of CeO2 into Y2O3-ZrO2 enhanced the stability of tetragonal phase during low-temperature aging for a long time under hydrothermal atmosphere.