Chinese New Year brings with it good news! COEs for Category A and B cars have taken a dip, despite the lower number of available certificates. Category A sees a $5,000 drop, while Category B COEs are now approximately $7k less. Good news, especially for those who have secured smaller engined cars, with power ratings above 130bhp! We do however, expect prices to rise again, within the next two bidding exercises, as demand normalises.
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Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 982 @ $30,010, down from $35,010,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 984 @ $30,890, down from $37,705,
Commercial Vehicle Category C,
Quota of 314 @ $25,013, up from $25,001,
Motorcycle Category D,
Quota of 578 @ $4,401, down from $4,610,
Open Category E (All but motorcycles),
Quota of 335 @ $34,900, down from $37,500,
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.