COE Premiums Remain Stable
COE prices remain stable. Lower demand during the period of August, is in-part due to some buyers shunning making purchases during the Hungry Ghosts season. We can however still expect COE premiums to steadily rise in the next few months, due to lesser premiums made available. For those who are keen to do a COE renewal, click here for an affordable repayment scheme for your COE loan.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,056 @ $31,759, down from $31,783,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,044 @ $37,000, up from $36,601,
Commercial Vehicle Category C,
Quota of 283 @ $25,556, up from $25,502,
Motorcycle Category D,
Quota of 907 @ $3,601, down from $4,089,
Open Category E (All but motorcycles),
Quota of 365 @ $40,000, up from $39,912,
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.
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