June 2019 COE Results: Cat B and E Premiums Drop Further in Latest COE Bidding Exercise

Certificate of Entitlement (COE) prices are mostly lower in the first bidding of June following a major dip in May. In this latest exercise, Cat A closed at $30,009, Cat B at $39,728, and Cat E at $42,002.

Cat A (Cars up to 1600CC & 97KW) was the only category to see a rise in premiums. It received 1,902 bids, and saw an increase of $3,009, going from $27,000 in the previous exercise to $30,009.

For Cat B (Cars above 1600CC or 97KW), it received 1,346 bids and closed at $39,728, $2,836 lower than the previous result of $42,564.

Cat C (Goods Vehicle & Bus) saw a drop of $1,898, going from $27,400 in the previous exercise to $25,502.

Having gone down by $112, Cat D (Motorcycles) went to $3,090 from $3,202 previously.

To round off this latest exercise of bidding, Cat E (Open category) received 724 bids and dropped by $4,998, going from $47,000 previously to end at $42,002.

Here’s a summary of the 1st bidding exercise for June 2019.

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Read more: May 2019 COE Results 2nd Bidding: Premiums Fall Sharply in Latest Bidding Exercise

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