December 2019 COE Results 2nd Bidding: Premiums Drop for All Categories
COE prices for all categories end lower in the 2nd bidding exercise for December 2019. In the last bidding exercise for 2019, Cat A closed at $32,889, Cat B at $36,000, and Cat E at $37,989.
With 1,256 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $32,889 — $120 lower compared to the previous exercise.
For Cat B (Cars above 1600CC or 97KW), there was a $1,900 decrease. It received 1,251 bids in total and closed at $36,000.
Cat C (Goods Vehicle & Bus) closed $504 lower from the previous exercise at $23,200.
As for Cat D (Motorcycles), it also closed lower at $3,658.
Finally, for Cat E (Open category), it received 496 bids and closed at $37,989, a decrease of $900 from the previous exercise.
Here’s a summary of the 2nd bidding exercise for December 2019.
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$32,889 |
$33,009 |
$120 (-0.4%) |
|
B – Car above 1600CC or 97KW |
$36,000 |
$37,900 |
$1,900 (-5%) |
|
C – Goods Vehicle & Bus |
$23,200 |
$23,704 |
$504 (-2.1%) |
|
D – Motorcycle |
$3,658 |
$3,789 |
$131 (-3.5%) |
|
E – Open |
$37,989 |
$38,889 |
$900 (-2.3%) |
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Read more: December 2019 COE Results: Premiums End Mostly Lower for Car Categories
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