January 2020 COE Results 2nd Bidding: Quota Premiums Rise for Three Categories
In the 2nd COE exercise for 2020, quota premiums ended mixed for all categories. In this exercise, Cat A closed at $35,010, Cat B at $37,705, and Cat E at $37,500.
With 1,390 received bids, Cat A (Cars up to 1600CC & 97KW) closed at $35,010 — a $310 decrease from the first bidding in January 2020.
For Cat B (Cars above 1600CC or 97KW), it closed at $37,705. It received 1,157 bids in total and closed $596 higher.
Cat C (Goods Vehicle & Bus) closed at $25,001; $599 higher from the previous exercise.
For Cat D (Motorcycles), it rose up $621 higher, closing at $4,610.
Lastly, for Cat E (Open category), it received 528 bids and closed at $37,500, a decrease of $500.
Here’s a summary of the 2nd bidding exercise for January 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$35,010 |
$35,320 |
$310 (-0.9%) |
|
B – Car above 1600CC or 97KW |
$37,705 |
$37,109 |
$596 (1.6%) |
|
C – Goods Vehicle & Bus |
$25,001 |
$24,402 |
$599 (2.6%) |
|
D – Motorcycle |
$4,610 |
$3,989 |
$621 (15.6%) |
|
E – Open |
$37,500 |
$38,000 |
$500 (-1.3%) |
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Read more: January 2020 COE Results: Quota Premium Rises Across All Categories
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