The Certificate of Entitlement (COE) prices drop across the board in the latest bidding on 23 May, with the premium for smaller cars having the sharpest decline.
The premium for cars up top 1,600cc and 130 bhp ended at $27,000, down sharply from $36,704 two weeks ago. For cars above 1,600cc and 130 bhp closed at $42,564, down from $48,010.
Open category COEs, which can be used for any vehicle type except for motorcycles, came in at $47,000, dipped from $52,502.
COE prices for commercial vehicles, which include good vehicles and buses, lowered from $28,559 to $27,400 while the motorcycle premiums fell to S$3,202 from S$3,352.
Finally some good news to end the week! Can get a car liao, but COE prices can lower some more not ah?
- COEs for categories A, B and D are valid for 6 months. For examples:
- A Category A TCOE obtained from May 2017 1st COE bidding exercise will be valid until 14 November 2017
- A Category A TCOE obtained from May 2017 2nd COE bidding exercise will be valid until 30 November 2017
- COEs for categories C and E are valid for 3 months. For examples:
- A Category E TCOE obtained from May 2017 1st COE bidding exercise will be valid until 14 August 2017
- A Category E TCOE obtained from May 2017 2nd COE bidding exercise will be valid until 31 August 2017
- Cars registered using TCOEs obtained before February 2014 1st COE bidding exercise will pay PQP for COE renewals based on the following:
- Cars with engine capacity 1,600cc & below – pay Category A PQP
- Cars with engine capacity 1,601cc & above – pay Category B PQP
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