Second Post-Circuit Breaker COE Results Out - Prices Remain Stable
COE prices remain stable after July’s second bidding exercise, with category A and B seeing a slight dip. LTA announced previously, that there will be 30-percent more passenger car COEs distributed during the July-September period, to make up for COEs not distributed during the “Circuit Breaker”. Automobile showrooms around the island are already operating, and have seen customers trickling back, although not to pre-Covid 19 numbers. For those who are keen to do a COE renewal, click here to apply, and enjoy an affordable repayment scheme for your COE loan.
Quota of 1,304 @ $32,699, down from $33,250,
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,339 @ $35,001, down from $35,889,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 489 @ $23,888, down from $24,502,
Commercial Vehicle Category C,
Quota of 869 @ $6,510, down from $7,702,
Motorcycle Category D,
Quota of 448 @ $35,001, up from $34,989
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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