Category A COEs Jump in First Bidding Exercise for August
Category A COEs experience a $6,000 jump during the First Bidding Exercise for August. Prices are expected to remain high, since most price sensitive cars will fall in this category, and certificates issued is set to contract by 25.8%. 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 1,059@ $32,725, up from $26,667
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,047 @ $40,001, up from $39,406,
Commercial Vehicle Category C,
Quota of 292 @ $27,800, up from $24,599,
Motorcycle Category D,
Quota of 751 @ $4,400, up from $3,554,
Open Category E (All but motorcycles),
Quota of 357 @ $40,512 up from $39,889,
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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