February 2023 COE Results 2nd Bidding: Significant Increases Across the Board Except Cat A

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In the 2nd COE bidding exercise for February 2023, Cat A closed at $86,556 , Cat B at $115,001, Cat C at $87,790, Cat D at $12,189, and Cat E at $118,001.

Cat A (Cars up to 1600CC & 97KW) received 702 bids and and increased by $556. It closed at $86,556.

Cat B (Cars above 1600CC or 97KW) saw 768  bids and increased by $9,477. It closed at $115,001.

Cat C (Goods Vehicle & Bus) received 136 bids and increased by $2,671. It closed at $87,790.

Cat D (Motorcycles) received 611 bids in total and saw an increase of $587. It closed at $12,189.

Lastly, Cat E (Open Category) received 274 bids and saw a decrease of $12,999. It closed at $118,001.

Here’s a summary of the 1st bidding exercise for February 2023:

Current COE
Previous COE
A – Car up to 1600CC & 97KW  $86,556


+ $556
B – Car above 1600CC or 97KW $115,001


+ $9,477
C – Goods Vehicle & Bus $87,790


+ $2,671
D – Motorcycle $12,189


+ $567
E – Open $118,001


+ $12,999

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Read More: February 2023 COE Results 1st Bidding: More Expensive COE Premiums in Feb Except for Cat A and E

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