Category B COEs have seen a slight down-trend since over the span of the first months this year. The current Prevailing Quota Premiums (PQP) have generally been on an upward trend, with the current Category A at $41,397, while Category B stands at $47,701.
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 887 @ $41,996, up from $41,001,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 942 @ $45,001, down from $46,002,
Commercial Vehicle Category C,
Quota of 255 @ $37,513, down from $40,890,
Motorcycle Category D,
Quota of 542 @ $7,752, up from $7,500,
Open Category E (All but motorcycles),
Quota of 296 @ $47,001, down from $47,506,
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.