May 2018 COE Results: Premiums Close Mostly Higher in Latest Bidding Exercise
May 2018 COE Results, 1st Bidding Exercise
Certificate of Entitlement (COE) premiums rose in most categories, except Cat C, in the latest bidding exercise on Wednesday, 9 May 2018.
Premiums for Cat A (Cars up to 1600CC & 97KW) rose by S$431, from $38,510 in the previous bidding exercise to $38,941.
As for Cat B (Cars above 1600CC or 97KW), premiums went up by $1,171, from $37,330 to $38,501.
On the other hand, Cat C (Goods vehicles & buses) premiums saw a dip of $1,012, from $34,202 in the previous exercise to $33,190.
For motorcycles, COE prices went up slightly by $89, from $7,115 to $7,204.
Lastly, in the Open category, for all vehicles except motorcycle, premiums saw a slight rise of $211, from $38,389 to $38,600.
For those unaware, Singapore’s zero vehicle growth policy is already in effect. It was officially implemented in February 2018 and will be reviewed by the Land Transport Authority (LTA) again in 2020.
Summary:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$38,941 |
$38,510 |
$431 (+1.12%) |
|
B – Car above 1600CC or 97KW |
$38,501 |
$37,330 |
$1,171 (+3.14%) |
|
C – Goods Vehicle & Bus |
$33,190 |
$34,202 |
$1,012 (-2.96%) |
|
D - Motorcycle |
$7,204 |
$7,155 |
$89 (+1.25%) |
|
E - Open |
$38,600 |
$38,389 |
$211 (+0.55%) |
Thinking about upgrading your car after seeing the latest COE results? Motorist.sg can help you transact 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.
I want to receive a free online car valuation
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.
Schedule a free COE renewal consultation session!
Read more: Four Key Reasons Why The COE Will Explode in 2018
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. Download it now and stand a chance to win $1,000 worth of petrol vouchers monthly.
