Climbing COE prices take a pause in May’s second COE bidding exercise. Category A tumbles by $7k
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 835 @ $41,801, down from $48,002,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 817 @ $58,809, down from $60,001,
Commercial Vehicle Category C,
Quota of 164 @ $42,702, down from $43,001,
Motorcycle Category D,
Quota of 628 @ $8,701 up from 8,011,
Open Category E (All but motorcycles),
Quota of 266 @ $62,000, down from $63,002,
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.