The 1st COE bidding exercise for December 2018 has concluded with the Quota Premiums ending mostly lower across the board. The premiums for Cat A and B are $23,568 and $31,001 respectively, while Cat E closed at $30,851.
With 2,177 bids received, the Quota Premium (QP) for Cat A (Cars up to 1600CC & 97KW) went down by $1,432, from $25,000 to $23,568.
For Cat B (Cars above 1600CC or 97KW), with 1,780 bids received, the QP for Cat B went down by $100, from $31,101 to $31,001.
In similar fashion, Cat C (Goods Vehicle & Bus) also saw a decrease in prices. It closed at $27,009, from $27,509 — a $500 decrease from the previous exercise.
The only increment came from Cat D (Motorcycles). Ending $410 higher than the previous exercise, the QP for Motorcycle closed at $3399. This amount was previously $2,989.
Lastly, for Cat E (Open category), with 1,021 bids received, it went down by $108, from $30,959 to $30,851.
Here’s a summary of the 1st bidding exercise for December 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
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