Here's everything you need to know about COE Renewal in Singapore. Renew for 5 or 10 years? Taking the best COE renewal loan, when to renew your COE and more.
Singapore's vehicle population stands at a record high, and the number of cars has surprisingly continued to rise. But what exactly is driving this growth?
Are cars as expensive as houses? Oh no, cars are in fact much more expensive than houses.
Lucrative aspects of the used car business in today's shrinking COE climate is driving Authorised Dealers to grow their businesses in the segment.
For the first round of bidding in May, COE premiums for Cat A, B and E see a slight increase, with Cat B rising by $1,171.
For the second round of bidding in April, COE premiums for Cat A and E see a slight increase while prices for Cat B go down.
Owners of older, more pollutive motorcycles will receive incentives of up to $3,500 if they de-register their vehicles over the next five years.
For the first round of bidding in April, COE premiums for Cat A drop to $37,000 while Cat B and E hover around the same level.
In the second round of COE bidding in March, premiums fell slightly across all categories, with Cat B premiums falling below Cat A.
For the first round of bidding in March, COE premiums start to creep upwards, with Cat A seeing a 5.5% increase in prices.
For the second round of bidding in February, COE premiums fall across the board, with Cat A and B prices seeing the most significant change.
For the first round of bidding in February, Cat A COE premiums see a slight increase while Cat B and Cat E drop slightly.
The car COE quota for the February to April 2018 period will shrink by 3.5 percent to a monthly average of 5,894, down from 6,108.
The second round of COE bidding in January closed with premiums falling across all car categories, with Cat A premiums seeing the largest decrease.
The first round of COE bidding in 2018 closed with mixed results, as Cat A premiums went up while Cat B and E continued to drop.
Starting in February next year, the growth rate for the car and motorcycle population will drop from 0.25 to zero percent.
According to the Land Transport Authority, more vehicle owners are deciding to extend the lifespan of their vehicles beyond 10 years.
For the second round of bidding in December, COE premiums across all car categories fell, continuing the trend from the previous bidding exercise.
For the first round of bidding in December, COE premiums see a drop across all categories, with Cat A prices decreasing by 9.5 percent.
For the second round of bidding in November, COE premiums see no significant change and hover around the same level as the previous tender.