Passenger Car COEs Down Slightly for May's Second COE Bidding Exercise.
Certificates of Entitlements (COEs) for May’s Second bidding exercise ended stable, even with the glut of second-hand cars released into the market, due to Lion City Rentals (LCR) ex-private hire vehicles sold off from their inventory. This month saw 4,189 successful bids received during the month’s second bidding exercise for COEs.
Quota of 1,434 @ $38,001, down from $38,941,
Quota of 1,283 @ $37,989, down from $38,501,
Quota of 385 @ $29,901, down from $33,190,
Quota of 529 @ $7,115, down from $7,204,
Quota of 558 @ $38,700, up from $38,600,
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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