COE prices have taken a dip, despite the reduction in available quotas. The Category B COE, that breached the $50,000 mark during the last bidding exercise, has fallen the most, by $3,310.
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 885 @ $42,000 down from $43,501,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 943 @ $46,790, down from $50,100,
Commercial Vehicle Category C,
Quota of 276 @ $45,001, up from $40,999,,
Motorcycle Category D,
Quota of 572 @ $7,506, down from $7,589,
Open Category E (All but motorcycles),
Quota of 300 @ $49,778, down from $51,900,
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.