COEs Take a Dip. Category A COEs Lower, But Still Closing Higher Than Category B
COE prices are down, with Category A closing slightly higher than COEs in Category B. We do believe that the COE prices will remain stable for the next few rounds, with minor adjustments. This month saw 4,301 successful bids received during the month’s second bidding exercise for Certificates of Entitlement (COEs).
Quota of 1,559 @ $38,000, down from $38,380,
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,402 @ $37,010, down from $39,001,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 247 @ $35,001, down from $36,003,
Commercial vehicle Category C,
Quota of 522 @ $7,602, down from $8,009,
Motorcycle Category D,
Quota of 571 @ $38,000, down from $39,000,
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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