With the growth rate for private cars pegged at zero, COE premiums look to continue their upward trend for the rest of the year.
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 890 @ $49,640 up from $45,600,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 956 @ $61,190, up from $52,309,
Commercial Vehicle Category C,
Quota of 262 @ $44,401, up from $36,134,
Motorcycle Category D,
Quota of 546 @ $8,000, no change,
Open Category E (All but motorcycles),
Quota of 303 @ $62,100, up from $52,200,
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.