Prevailing Quota Premiums Set To Go Up, With Today's Spike In COE Prices
Category A COEs finally cross the $30k mark, signalling the end of an affordable COE run. Category B COEs have increased by nearly $5,000, with the premium set at $48,000. Click here to renew your current car’s COE.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,653 @ $33,199, up from $29,159,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,205 @ $48,000 up from $43,102,
Commercial Vehicle Category C,
Quota of 304 @ $32,001, up from $27,589,
Motorcycle Category D,
Quota of 835 @ $3,452 up from $3,501,
Open Category E (All but motorcycles),
Quota of 398 @ $52,410, up from $48,209,
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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