May 2018 COE Results 2nd Bidding: Premiums Fall Across Most Categories

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Motorist Coe Bidding Exercise May 2018 2nd
May 2018 COE Results, 2nd Bidding Exercise


In the 2nd bidding exercise for May 2018, Certificate of Entitlement (COE) premiums saw a drop across the board, except in Cat E.


Premiums for Cat A (Cars up to 1600CC & 97KW) fell by S$940, from $38,941 in the first bidding exercise for May 2018 to $38,001.

For Cat B (Cars above 1600CC or 97KW), premiums also went down, from $38,501 to $37,989 – a $512 reduction.

As for Cat C (Goods vehicles & buses), it saw the greatest dip across all categories, from $33,190 to $29,901 – a difference of $3,289.

For Cat D (Motorcycles), it went down by $89, from $7,204 to $7,115 – a reverse from the previous bidding.

The only increase came from the Open category, which saw premiums rise by $100, from $38,600 to $38,700.

Here’s a summary of the latest COE bidding exercise:

Category

Current COE premium
(May 2018 – 2nd Bidding)

Previous COE premium
(May 2018 – 1st Bidding)

Difference

A – Car up to 1600CC & 97KW

$38,001

$38,941

$940 (-2.47%)

B – Car above 1600CC or 97KW

$37,989

$38,501

$512 (-1.35%)

C – Goods Vehicle & Bus

$29,901

$33,190

$3,289 (-11%)

D - Motorcycle

$7,115

$7,204

$89 (-1.25%)

E - Open

$38,700

$38,600

$100 (+0.26%)

Will we see further reductions in the next bidding exercise in June? Let us know your thoughts in the comments below.

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


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