COEs Mixed After Second Bidding Exercise Of September

Posted by clifford chow
23 Sep 2020

COE prices end mixed after September’s second bidding exercise. We can expect prices of most new Category B cars to remain the same, while the more price-sensitive Category A cars are predicted to increase (again). Prevailing quota premiums will be on the rise with the general 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 1,034 @ $38,504, up from $37,766,

Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 912 @ $40,989, down from $41,510, 

Commercial Vehicle Category C,
Quota of 351 @ $28,569, up from $26,644,

Motorcycle Category D,
Quota of 494 @ $7,331, down from $7,399,

Open Category E (All but motorcycles),
Quota of 471 @ $41,001, up from $40,790,

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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