COEs Rise in Second Bidding Exercise of February
COE prices for both category A and B cars rise again. The impact of the COV-19 virus had left some showrooms initially with less footfall earlier this month, but buyers are beginning to pour in again. Rest-assured, all showrooms are taking their measures to safeguard against the virus. For 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 982 @ $32,999, up from $30,010,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 984 @ $32,889, up from $30,890,
Commercial Vehicle Category C,
Quota of 314 @ $25,001, down from $25,013,
Motorcycle Category D,
Quota of 578 @ $4,309, down from $4,401,
Open Category E (All but motorcycles),
Quota of 335 @ $33,031, down from $34,900,
Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank, 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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