COE bidding closes today, with prices remaining largely stable. With the planned reduction of COEs, we can expect that prices will gradually increase over time. Perhaps switching to renewing that COE may also be the cheaper option for now.
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 1,034 @ $35,010, down from $35,320,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,012 @ $37,705, up from $37,109,
Commercial Vehicle Category C,
Quota of 329 @ $25,001, up from $24,402,
Motorcycle Category D,
Quota of 693 @ $4,610, up from $3,989,
Open Category E (All but motorcycles),
Quota of 388 @ $37,500, up from $38,000,
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.