October 2021 COE Results 2nd Bidding: Premiums Rise Across Every Category, Cat B and E Reach 7-Year High

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Editors%2 Fimages%2 F1634717220270 Motorist Coe Results October 2021 2nd Bidding Featured
In the 2nd COE bidding exercise for October 2021, Cat A closed at $52,709, Cat B at $80,210,  Cat C at $40,501, Cat D at $9,310, and Cat E at $85,000.

Cat A (Cars up to 1600CC & 97KW) received 1,304 bids and saw a $5,708 increase from the previous exercise. It closed at $52,709

Cat B (Cars above 1600CC or 97KW) saw 1,240 bids and went up by $10,010. It closed at $80,210, its highest since April 2014 when it closed at $84,504.

Cat C (Goods Vehicle & Bus) received 252 bids and went up by $1,611. It closed at $40,501.

Cat D (Motorcycles) had 597 bids in total and saw an increase of $258. It closed today at $9,310.

Lastly, Cat E (Open Category) received 391 bids and shot up by $12,244. It closed at $85,000. The last time it crossed this amount was in November 2013, when it closed at $89,001.

Could this surge in premiums be caused by the reduced COE quota from November 2021 to January 2022?

Here’s a summary of the 2nd bidding exercise for October 2021:

Category Current COE Premium  Previous COE Premium Difference

A – Car up to 1600CC & 97KW




B – Car above 1600CC or 97KW




C – Goods Vehicle & Bus

$40,501 $38,890


D – Motorcycle

$9,310 $9,052


E – Open

$85,000 $72,756


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Read More: October 2021 COE Results 1st Bidding: Further Increases For Cat B and E

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