COEs go up across the board in February's Second Bidding Exercise
This month’s second bidding exercise was delayed due to the budget being planned for 2017. In short, current CEVs scheme which were introduced in 2013, will be replaced by a new scheme by the beginning of next year. Diesel cars though, were affected as early as 20 February this week, with a usage-based leaning levy imposed on them. This afternoon saw 4,504 successful bids out of a total of 6,854 received during the month’s second bidding exercise for Certificates of Entitlement (COEs).
Quota of 2,133 @ 49,430, up from $48,401
Quota of 1,377 @ $50,621, up from $48,209
Quota of 174 @ $49,810, up from $48,901
Quota of 392 @ $6,801, up from $6,412
Quota of 500 @ $51,000, down from $48,556
Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility of UOB, or via the OCBC phone banking services.
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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