May 2018 COE Results: Premiums Close Mostly Higher in Latest Bidding Exercise

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Motorist May 2018 Coe First Bidding ExerciseMay 2018 COE Results, 1st Bidding Exercise

Certificate of Entitlement (COE) premiums rose in most categories, except Cat C, in the latest bidding exercise on Wednesday, 9 May 2018.

Premiums for Cat A (Cars up to 1600CC & 97KW) rose by S$431, from $38,510 in the previous bidding exercise to $38,941.

As for Cat B (Cars above 1600CC or 97KW), premiums went up by $1,171, from $37,330 to $38,501.

On the other hand, Cat C (Goods vehicles & buses) premiums saw a dip of $1,012, from $34,202 in the previous exercise to $33,190.

For motorcycles, COE prices went up slightly by $89, from $7,115 to $7,204.

Lastly, in the Open category, for all vehicles except motorcycle, premiums saw a slight rise of $211, from $38,389 to $38,600.

For those unaware, Singapore’s zero vehicle growth policy is already in effect. It was officially implemented in February 2018 and will be reviewed by the Land Transport Authority (LTA) again in 2020.

Summary:

Category

Current COE premium
(May 2018 - 1st Bidding)

Previous COE premium
(April 2018 - 2nd Bidding)

Difference

A – Car up to 1600CC & 97KW

$38,941

$38,510

$431 (+1.12%)

B – Car above 1600CC or 97KW

$38,501

$37,330

$1,171 (+3.14%)

C – Goods Vehicle & Bus

$33,190

$34,202

$1,012 (-2.96%)

D - Motorcycle

$7,204

$7,155

$89 (+1.25%)

E - Open

$38,600

$38,389

$211 (+0.55%)

What are your thoughts of the COE premiums for this bidding exercise? Let us know in the comments below.


Read more: Four Key Reasons Why The COE Will Explode in 2018


Are you unsure about renewing the COE of your car? Get in touch and we'll give you a non-obligatory consultation about the pros and cons of COE renewal.

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