COE premiums look to continue their upward trend this year. Category B COEs sees the largest jump of more than $5,000.
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 883 @ $45,600, up from $44,589,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 958 @ $52,309, up from $47,001,
Commercial Vehicle Category C,
Quota of 263 @ $36,134, down from $39,589,
Motorcycle Category D,
Quota of 560 @ $8,000, down from $7,791,
Open Category E (All but motorcycles),
Quota of 296 @ $52,200, up from $47,806,
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.