COE Premiums See A Slight Drop In Second Bidding Exercise For August
It looks like COE prices remain stable, after the recent reduction in quotas. Premiums are expected to remain high for the rest of the year. 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 1,062 @ $31,917, down from $32,725,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,045 @ $38,602, down from $40,001,
Commercial Vehicle Category C,
Quota of 283 @ $26,502, down from $27,800,
Motorcycle Category D,
Quota of 742 @ $4,301 down from $4,400,
Open Category E (All but motorcycles),
Quota of 363 @ $40,002 down from $40,512,
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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