The price-sensitive Category A COE takes a $2,820 dip, in light of lower-than-expected demand. But with the shrinking allocation of quotas, COE prices will be projected to still be on an overall uptrend.
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 867 @ $45,001, down from $47,821,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 840 @ $56,100, up from $56,032,
Commercial Vehicle Category C,
Quota of 162 @ $38,900, up from $37,000,
Motorcycle Category D,
Quota of 616 @ $8,502, up from $8,501,
Open Category E (All but motorcycles),
Quota of 265 @ $57,700, down from $59,001,
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.