COEs go up across the board in February's Second Bidding Exercise

COEs go up across the board in February's Second Bidding Exercise

This month’s second bidding exercise was delayed due to the budget being planned for 2017. In short, current CEVs scheme which were introduced in 2013, will be replaced by a new scheme by the beginning of next year. Diesel cars though, were affected as early as 20 February this week, with a usage-based leaning levy imposed on them. This afternoon saw 4,504 successful bids out of a total of 6,854 received during the month’s second bidding exercise for Certificates of Entitlement (COEs). 

OneShift Editorial Team
OneShift Editorial Team
25 Feb 2017


Quota of 2,133 @ 49,430, up from $48,401

Category A (cars 1,600cc and below, and have a maximum power of 130bhp),


Quota of 1,377 @ $50,621, up from $48,209

Category B (cars above 1,600cc, and have a more than 130bhp),


Quota of 174 @ $49,810, up from $48,901

The Commercial vehicle Category C,


Quota of 392 @ $6,801, up from $6,412

Motorcycle Category D,


Quota of 500 @ $51,000, down from $48,556

Open Category E,

Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility of UOB, or via the OCBC phone banking services.

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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