Aug 14August 2014

1st Bidding

Renew COE
Renew COE
COE Prices 06/08/2014
COE Category

CAT A

Car ≤ 1600cc & 130bhp, or 110kW

CAT B

Car > 1600cc & 130bhp, or 110kW

CAT C

Goods vehicle & bus

CAT D

Motorcycle

CAT E

Open - all except motorcycle

Quota Premium

$64,600

$68,689

$54,009

$4,353

$69,001

$1,710

$3,688

$1,999

$101

$3,999

PQP

$62,610 (Aug)

$66,834 (Aug)

$42,932 (Aug)

$4,040 (Aug)

-

Quota

574

507

267

316

245

Bids Received

1,086

1,090

519

360

429

CAT A (CARS ≤ 1600cc & 130bhp, or 110kW)

Quota Premium

$64,600

PQP

$62,610 (Aug)

$1,710

Quota

574

Bids Received

1,086

CAT B (CARS > 1,600cc or 130bhp, or 110kW)

Quota Premium

$68,689

PQP

$66,834 (Aug)

$3,688

Quota

507

Bids Received

1,090

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$54,009

PQP

$42,932 (Aug)

$1,999

Quota

267

Bids Received

519

CAT D (MOTORCYCLE)

Quota Premium

$4,353

PQP

$4,040 (Aug)

$101

Quota

316

Bids Received

360

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$69,001

PQP

-

$3,999

Quota

245

Bids Received

429

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175 Comments

Jeffrey
stop using phv use taxi then those phv company will die then they will cut down phv and sell their cars then 2nd hand market will fall due to high supply then coe will fall due to cheap 2nd hand cars in the market then hahaha
Reply

10 days ago

Francis

‪ The demand for cat A COE will remains due to car dealers clever marketing tactics. For example, BYD Atto 3 comes in 3 COE packages.

Saver at $154k non guarantee COE maximum 8 bids.

Base at $164k maximum 6 bids

Excite at $174k guarantee COE.

The catch is you must place a huge deposit of $16,350 to bid for COE refundable if the bids expire. This is more than DBS credit card allows at $10k. Imagine your money get stuck there for months!

Then some dealers like BYD and Tesla charge more for colour other than white which is FOC

So you can see from the OneMotoring website there are usually bids exceed quota because of the COE number of bid variants.

Now, as it move closer to the expiry of maximum bid, dealers will put pressure on you to top up for a guarantee COE! Do you have a choice if you need a car urgently?

Also, when you trade in your car to the dealer at a non guarantee COE, the price quoted valid at the time of the first bidding. For subsequent bidding, price will adjust if COE go down or up . This is like tikam tikam roulette.

My advice is go for non marketing gimmick dealers that quote you a fixed and higher price inclusive of COE for a piece of mind. Likely, these dealers will bid for you successfully like Kah motors, Komoco, Borneo motors, Cycles and carriage among others.

Don’t be fooled by guarantee and non guarantee maximum number of bids clause.

Reply

28 days ago

Kamal
Keep on dreaming bro.
Reply

about 1 month ago

Lelasham
Instead of trying to revamp the IU unit why not change the COE systems that does not make sense. Rental companies will just keep pushing higher COEs because in the end its the drivers who are paying for it. This practice have to stop.
Reply

about 1 month ago

Schua
All that Singaporeans need to do is to refrain from booking a new car (concertedly) for 3 months straight. Once car dealers' order books dry up, they have no reason to keep bidding higher and higher! I don't believe there are enough foreigners buying cars that can take up the 1,600 or so Cat A/B/E certs every fortnight if locals stop buying. In fact, I know of many expats who refuse to buy a car here, even with their high income & car allowance. Why are we being so silly? So keep that hard earned money, fella citizens!
Reply

4 months ago

Glossary

Quota PremiumPrice of the successful COE bid.
ChangeDifference between current price of COE and the previous price.
QuotaNumber of COE issued.
Bids ReceivedNumber of bidders participating in this COE bidding round.
Prevailing Quota Premium (PQP)Amount to be paid for COE renewal. Computed from 3-month moving average of COE prices.