COE premiums for both Category A and B continue on their uptrend. Category A sees the biggest incleasy by $2,593, while Category B sees an increase by $2,000.
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 886 @ $44,589, up from $41,996,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 948 @ $47,001, up from $45,001,
Commercial Vehicle Category C,
Quota of 292 @ $39,589, up from $37,513,
Motorcycle Category D,
Quota of 542 @ $7,791, down from $7,752,
Open Category E (All but motorcycles),
Quota of 298 @ $47,806, up from $47,001,
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.