We can expect COEs to continue on an upward trajectory for the moment, in part due to dealerships fulfilling their orders from the many promotional offers. With Chinese New Year around the corner, dealerships will also be compelled to meet early customer deliveries.
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 966 @ $43,501 up from $40,609,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,018 @ $50,100, up from $49,001,
Commercial Vehicle Category C,
Quota of 381 @ $40,999, up from $35,900,
Motorcycle Category D,
Quota of 548 @ $7,589, up from $7,501,
Open Category E (All but motorcycles),
Quota of 466 @ $51,900, up from $49,489,
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.