COE prices have risen again. With LTA’s plan for zero vehicle growth, until 2022, COE prices are a general upward-trend. Prevailing quota premiums are also on the rise with the uptrend in COE premiums.
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 1,035 @ $37,766, up from $35,710,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 904 @ $41,510, up from $38,802,
Commercial Vehicle Category C,
Quota of 354 @ $26,644, up from $25,006,
Motorcycle Category D,
Quota of 496 @ $7,399, down from $7,432,
Open Category E (All but motorcycles),
Quota of 470 @ $40,790, up from $38,110,
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.