COEs Mixed During the First Bidding Exercise for February! Category A Car Buyers Might Observe a Price Increase at the Showroom.
Category A COEs see a jump of about $3,000. Category B and Open Category COEs remain stable. This month saw 4,492 successful bids received during the month’s first bidding exercise for Certificates of Entitlement (COEs).
OneShift Editorial Team
07 Feb 2018
Quota of 1,713 @ $40,000, up from $36,890,
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,381 @ $42,322, down from $42,661,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 257 @ $39,303, up from $39,000,
Commercial vehicle Category C,
Quota of 565 @ $8,451, up from $8,100,
Motorcycle Category D,
Quota of 515 @ $39,903, down from $44,000,
Open Category E (All but motorcycles),
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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