Category A Premiums are up by about $1k in December’s first COE bidding exercise. Category B COE prices on the other hand, which affect cars above 1,600cc or have more than 130bhp, have dipped slightly. We believe that prices may dip a little further in December’s second bidding exercise, as it is traditionally a quiet month for automotive sales in Singapore.
For those who are keen to do a COE renewal, click here to apply, and enjoy an affordable repayment scheme for your COE loan.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,030 @ $33,009, up from $32,000,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,013 @ $37,900, down from $39,700,
Commercial Vehicle Category C,
Quota of 318 @ $23,704, down from $24,502,
Motorcycle Category D,
Quota of 693 @ $3,789, down from $3,921,
Open Category E (All but motorcycles),
Quota of 384 @ $38,889, down from $40,889,
Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank, 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.