Up-Trending Category A COEs Take An Almost $10,000 Dip Due To Lower Small Car Demand
Some good news for small car buyers. Lower demand due to rising COEs over the last few months have in-turn caused COE prices to dip. At $27,000, a drop of $9,704, the Prevailing Quota Premium looks to stay stable. 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 1,475 @ $27,000, down from $36,704,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,163 @ $42,564, down from $48,010,
Commercial Vehicle Category C,
Quota of 409 @ $27,400, down from $28,559,
Motorcycle Category D,
Quota of 898 @ $3,202 down from $3,352,
Open Category E (All but motorcycles),
Quota of 382 @ $47,000, down from $52,502,
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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