October 2018 COE Results 2nd Bidding: Cat A Falls to $25,556, Cat B Rises by Only $1
The 2nd COE bidding for October 2018 has concluded with Cat A falling to $25,556. Cat B prices only rose by $1, and Cat E saw an increase of $348, to $32,900.
With 1,811 bids received, Cat A (Cars up to 1600CC & 97KW) premiums went down by a whopping S$2,901, going from $28,457 to $25,556. This amount is the second lowest of the year thus far, with only the 1st bidding exercise of July 2018 being lower.
For Cat B (Cars above 1600CC or 97KW), with 1,856 bids received, the premium only went up by a mere $1. The current premium now stands at $31,302.
Similar to the last bidding exercise, the largest increment came from Cat C (Goods vehicles & buses). It saw a $1,000 increase from the bidding exercise two weeks ago. The COE premium is currently going at $29,501.
For Cat D (Motorcycles), the premium fell by $158 from the last exercise. It went from $4,109 to $3,951.
Lastly, for Cat E (Open category), it saw a slight increment of $348, going from $32,552 to $32,900
Interested buyers looking to purchase Cat A cars should consider purchasing one now as the current COE premium is quite favourable. We also have a gut feeling that the premium for Cat A will definitely bounce back up in November and December.
Here’s a summary of the 2nd bidding exercise for October 2018.
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$25,556 |
$28,457 |
$2,901 (-10.2%) |
|
B – Car above 1600CC or 97KW |
$31,302 |
$31,301 |
$1 (+0.003%) |
|
C – Goods Vehicle & Bus |
$29,501 |
$28,501 |
$1,000 (+3.5%) |
|
D – Motorcycle |
$3,951 |
$4,109 |
$158 (-3.8%) |
|
E – Open |
$32,900 |
$32,552 |
$348 (+1.1%) |
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Read more: October 2018 COE Results: Slight Surge in Prices for Cat A and Cat E
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