COE prices for cars take a dip for August’s first COE bidding exercise. Category B COEs have dipped the lowest by $3,500, while Category A COEs dip by $1,821.
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 805 @ $45,189, down from $47,010,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 771 @ $56,001, down from $59,501,
Commercial Vehicle Category C,
Quota of 118 @ $42,589, up from $39,523,
Motorcycle Category D,
Quota of 449 @ $8,899, up from $8,689,
Open Category E (All but motorcycles),
Quota of 199 @ $59,559, down from $60,001,
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.
