In the 2nd bidding exercise for November 2018, COE results ended mostly lower across the board. The premiums for Cat A and B are $25,000 and $31,101 respectively, while Cat E closed at $30,959.
With 2,231 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went down by $3,199, from $28,199 to $25,000.
For Cat B (Cars above 1600CC or 97KW), with 1,786 bids received, the QP for Cat B dropped by $1,201, from $32,302 to $31,101.
In similar fashion, Cat C (Goods Vehicle & Bus) also saw a decrease in prices. It closed at $27,509, from $29,501 — a $1,992 decrease from the previous exercise.
The only increment came from Cat D (Motorcycles). Ending $480 higher than the previous exercise, the QP for Motorcycle closed at $2,989. This amount was previously $2,509.
Lastly, for Cat E (Open category), with 930 bids received, it fell by $1,041, from $32,000 to $30,959.
Here’s a summary of the 2nd bidding exercise for November 2018.
Current COE premium
Previous COE premium
A – Car up to 1600CC & 97KW
B – Car above 1600CC or 97KW
C – Goods Vehicle & Bus
D – Motorcycle
E – Open
Thinking about upgrading your car after seeing the latest COE results? Motorist.sg can help you sell your vehicle at the highest possible price. Simply click on the button below to receive an online car valuation today. This service is completely free, with zero obligations.
For those looking to renew their COE, Motorist.sg also provides free COE renewal advice. That way, you can decide if its a better option to scrap your vehicle or extend its life.
Submit your details below to receive a FREE consultation for your COE renewal bank loan
Download the new Motorist app now. Designed by drivers for drivers, this all-in-one app lets you receive the latest traffic updates, gives you access to live traffic cameras, and helps you manage LTA and vehicle matters