COEs Up Across The Board for Second Bidding Exercise in July.

COEs Up Across The Board for Second Bidding Exercise in July.

COEs increase across the board during July's second bidding exercise.

OneShift Editorial Team
OneShift Editorial Team
20 Jul 2016

A total of 7,385 bids were received at the end of the July bidding exercise for Certificates of Entitlement (COEs). Of these, 4,916 were successful.

Category A (cars 1,600cc and below, and have a maximum power of 130bhp) saw a 1.3% increase to end at $53,000.

Catagory B (cars above 1,600cc) saw an increase of 2.5% ending at $57,508.

The commercial vehicle Catagory C increased by 4.8%, ending at $49,890.

A small increase for motocycle certificates saw an upward shift of 2.7% to increase by $290, and currently is at $6,302.

The biggest increase came from the Open Catagory with a 2.7% increase of $1,499, currently at $57,501.

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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