Category A COE premiums may begin to climb in the light of higher demand, caused by buyers taking advantage of the lower premiums, over the last two bidding exercises. However, we feel that the downtrend will not be for long in this price-sensitive category.
For those who are keen to do a COE renewal, click here for an affordable repayment scheme for your COE loan.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,431 @ $28,589 up from $26,999
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,141 @ $34,000, down from $35,906,
Commercial Vehicle Category C,
Quota of 390 @ $25,089, down from $25,501,
Motorcycle Category D,
Quota of 902 @ $3,081, up from $3,000,
Open Category E (All but motorcycles),
Quota of 379 @ $36,901 down from $39,400,
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.