COE bidding has closed with higher A, B and Open Categories. 11.11 sales by various dealerships are probable contributors to the increase in price.
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 972 @ $37,690 up from $35,990,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,007 @ $41,101, up from $39,000,
Commercial Vehicle Category C,
Quota of 369 @ $30,334, down from $31,502,
Motorcycle Category D,
Quota of 537 @ $7,300, up from $7,251,
Open Category E (All but motorcycles),
Quota of 520 @ $41,503, up from $39,500,
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.