February COE Results 2nd Bidding: Premiums Rise Across All Categories Again

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Editors%2 Fimages%2 F1645603347136 February Coe Results 2nd Bidding FeaturedIn the 2nd COE bidding exercise for February 2022, Cat A closed at $63,000, Cat B at $93,590, Cat C at $46,501 Cat D at $10,589 and Cat E at $93,102.

Cat A (Cars up to 1600CC & 97KW) received  876 bids and saw a $2,239 increase from the previous exercise. It closed at $63,000

Cat B (Cars above 1600CC or 97KW) saw 939  bids and increased by $7,488. It closed at $93,590.

Cat C (Goods Vehicle & Bus) received 194 bids and increased by $2,500. It closed at $46,501

Cat D (Motorcycles) had 521 bids in total and saw an increase of $579. It closed today at $10,589.

Lastly, Cat E (Open Category) received 300 bids and saw an increase of $6,102. It closed at $93,102.

Here’s a summary of the 1st bidding exercise for February 2022:

Category Current COE Previous COE Difference
A – Car up to 1600CC & 97KW $63,000 $60,761

B – Car above 1600CC or 97KW $94,590 $86,102

C – Goods Vehicle & Bus $46,501 $44,001
D – Motorcycle $10,589 $10,010
E – Open $93,102 $87,000

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Read More: January COE Results 2nd Bidding: Premiums Rise Across All Categories

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