December 2018 COE Results: Quota Premiums End Lower in Latest Tender

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.

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Read more: November 2018 COE Results 2nd Bidding: Quota Premiums End Lower in Latest Tender

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