COE bidding has closed with lower premiums for both Category A and B cars, during November’s first bidding exercise. Part of this is attributed to an increase in the number of certificates released for the months of November to January next year. We would believe that prices will still eventually be on the uptrend over the next few months.
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 967 @ $35,990, down from $37,334,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,013 @ $39,000, down from $40,990,
Commercial Vehicle Category C,
Quota of 370 @ $31,502, down from $33,778,
Motorcycle Category D,
Quota of 533 @ $7,251, down from $7,300,
Open Category E (All but motorcycles),
Quota of 464 @ $39,500, down from $39,889,
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.