COEs are expected to be on the uptrend, with buyers flocking back to the showrooms. Dealerships are relying on 11.11 and 12.12 sales to help offload their stocks and drive sales numbers up. Prices are expected to carry on heading skyward.
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 978 @ $40,714 up from $37,690,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,035 @ $45,012, up from $41,101,
Commercial Vehicle Category C,
Quota of 368 @ $32,889, down from $30,334,
Motorcycle Category D,
Quota of 526 @ $7,670, up from $7,300,
Open Category E (All but motorcycles),
Quota of 464 @ $45,510, up from $41,503,
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.