August 2018 COE Results 2nd Bidding: Premiums Fall Across All Categories

In the 2nd COE bidding exercise for August 2018, COE premiums fell across all categories. COE Premiums for Cat A, B, and E closed at $31,997, $32,429, and $32,311 respectively.

At the close of the 2nd bidding exercise for August 2018, the COE premiums for Cat A (Cars up to 1600CC & 97KW) vehicles took a turn and drop by $1,801 – from $33,798 to $31,997.

Similarly, Cat B (Cars above 1600CC or 97KW) COE prices also went down, from $34,381 to $32,429 – a difference of $1,952.

As for Cat C (Goods vehicles & buses) and Cat D (Motorcycles) vehicles, premiums for both categories continue to fall. Cat C closed at $29,902, from $30,389, while Cat D finished at $29,902, from $30,389 earlier this month.

Lastly, for the Open category, which can be used for all types of vehicles except motorcycles, COE prices went down by $1,109, from $33,420 to $32,311.

Here’s a summary of the 2nd bidding exercise for August 2018.

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Read more: August 2018 COE Results: Car Premiums on the Upswing

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