COE prices for 2021 remain stable with just slight movement in both Category A and B premiums. The new VES scheme also begins this year, and we believe that early car bookings have in-part contributed to the higher trend in COE prices.
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 963 @ $40,609 up from $40,556,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,023 @ $49,001, down from $49,300,
Commercial Vehicle Category C,
Quota of 372 @ $35,900, up from $35,201,
Motorcycle Category D,
Quota of 529 @ $7,501, down from $7,689,
Open Category E (All but motorcycles),
Quota of 467 @ $49,489, down from $49,500,
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.