There is little financial risk for those dealers who want to carry out speculative trade in COEs, as putting down the S$200 deposit to initially acquire the COE commits the holder to nothing – there is no rule to say that the full amount has to be paid eventually.
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Nobody speaks for the disporportionate COE PRICE of motorcycles. And we haven’t forgotten that the motorbike is a sport: if you want the maximum features you’ll find suits and protections ideal for the track and sports riding. In 2018, motorcycle COEs went over the $8,000 mark, and hovered around $7,000 after the mid of 2018.
Understandably in land scarce Singapore, relatively little attention is paid to motorcycles and riders compared with motor cars and drivers. I see some short Asian bikers today riding over-sized bikes that are designed more for tall chaps. Here are some of the more well-known motorcycle dealers in Singapore.
I’ll toe the line and say that you should wear a PSB-approved helmet (well, I do) and I’ve heard some stories of how insurance companies refuse to do a pay out for bikers who died while wearing a non-approved helmet. Most of the time they take care of my bike very quickly the same day so I avoid coming back another day to pick up my bike.
A 400cc bike which once costs about $9,000 to $12,000 when COE was about $400 to $600 is now costing $18,000 to $19,000 – that is to say, 50% of the price of the motorcycle, when in 2010 the COE was only about $800. If you are a foreigner and have a valid motorbike license (with an official English translation), you can ride up to 12 months without a converted Signapore driving license.