October’s second COE bidding exercise has ended. Prices for both Category A and B have ended moderately higher, and we believe that we will not see many changes to prices of cars currently at the dealerships.
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 916 @ $37,334, up from $36,534,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 793 @ $40,990, up from $40,690,
Commercial Vehicle Category C,
Quota of 316 @ $33,778, up from $33,089,
Motorcycle Category D,
Quota of 423 @ $7,300, up from $7,451,
Open Category E (All but motorcycles),
Quota of 430 @ $39,889, down from $40,301,
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.