COE prices continue on an upward trend, this is in-part due to constant demand on showroom floors, and a planned zero increase in passenger vehicle population for this quarter.
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 804 @ $47,000, up from $46,689,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 791 @ $62,600, up from $61,001,
Commercial Vehicle Category C,
Quota of 122 @ $40,001, down from $40,010,
Motorcycle Category D,
Quota of 445 @ $9,689, up from $9,500,
Open Category E (All but motorcycles),
Quota of 206 @ $64,700, down from $64,901,
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.