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. Open Category COEs reach $70k for the first time in a while.
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 803 @ $48,000, up from $47,000,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 772 @ $68,310 up from $62,600,
Commercial Vehicle Category C,
Quota of 120 @ $39,000 down from $40,001,
Motorcycle Category D,
Quota of 449 @ $9,089, down from $9,689,
Open Category E (All but motorcycles),
Quota of 198 @ $70,002, up from $64,700,
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.
