March 2022 COE Results 1st Bidding: Drastic Increases In Premiums Across All Categories, Cat E At Record Highs

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In the 1st COE bidding exercise for March 2022, Cat A closed at $68,501, Cat B at $94,889, Cat C at $48,889, Cat D at $11,400 and Cat E at $98,890.

Cat A (Cars up to 1600CC & 97KW) received 962 bids and saw a $5,501 increase from the previous exercise. It closed at $68,501.

Cat B (Cars above 1600CC or 97KW) saw 860 bids and increased by $1,299. It closed at $94,889.

Cat C (Goods Vehicle & Bus) received 199 bids and increased by $2,388. It closed at $48,889.

Cat D (Motorcycles) had 602 bids in total and saw an increase of $811. It closed today at $11,400.

Lastly, Cat E (Open Category) received 318 bids and saw an increase of $5,788. It closed at $98,890.

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

Current COE
Previous COE
A – Car up to 1600CC & 97KW

+ $5,501
$59,179 (Mar)
B – Car above 1600CC or 97KW

+ $1,299
$83,464 (Mar)
C – Goods Vehicle & Bus
+ $2,388
$44,118 (Mar)
D – Motorcycle
+ $811
$9,882 (Mar)
E – Open
+ $5,788

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

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