September's First Bidding Exercise Good News Especially For Category A Car Buyers!

Posted by clifford chow
6 Sep 2017
September's First Bidding Exercise Good News Especially For Category A Car Buyers!

This month saw 4,649 successful bids received during the month’s first bidding exercise for Certificates of Entitlement (COEs). 

Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,820 @ $36,001, down from $42,900,

Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,290 @ $49,000, down from $51,000,

Commercial vehicle Category C,          
Quota of 453 @ $43,002, up from $42,004,

Motorcycle Category D,                                                       
Quota of 543 @ $5,402, up from $3,512,

Open Category E (All but motorcycles),
Quota of 543 @ $48,005, down from $50,000,

Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank, do ensure that you have bank accounts with these participating banks.

The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid while that for Category D is $200 per bid.

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