Feb 22February 2022

1st Bidding

Renew COE
Renew COE
COE Prices 09/02/2022
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

$60,761

$86,102

$44,001

$10,010

$87,000

$2,863

$4,101

$1,000

$10

$3,089

PQP

$56,670 (Feb)

$80,583 (Feb)

$43,284 (Feb)

$9,576 (Feb)

-

Quota

542

550

80

406

180

Bids Received

819

865

149

555

269

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

Quota Premium

$60,761

PQP

$56,670 (Feb)

$2,863

Quota

542

Bids Received

819

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

Quota Premium

$86,102

PQP

$80,583 (Feb)

$4,101

Quota

550

Bids Received

865

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$44,001

PQP

$43,284 (Feb)

$1,000

Quota

80

Bids Received

149

CAT D (MOTORCYCLE)

Quota Premium

$10,010

PQP

$9,576 (Feb)

$10

Quota

406

Bids Received

555

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$87,000

PQP

-

$3,089

Quota

180

Bids Received

269

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177 Comments

Mohamed Faruk
Because of phv car price high stop phv
Reply

22 days ago

Fendy Saadon
I used to own a car for more than 10 yrs. Threw in the towel in 2016. Don't be too fixated in owning a car. Even now price so high ppl still buy car. Imagine if everyone can afford a car, road will start to jam up. Come out carpark, jam start. Switch to bmw, taxi or car sharing.. govt will never lower its stance.
Reply

22 days ago

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

about 1 month 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

2 months ago

Kamal
Keep on dreaming bro.
Reply

3 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.