October 2020 COE Results 2nd Bidding: Premiums for Cars Close Mostly Higher
In the 2nd COE bidding exercise for October 2020, Cat A closed at $37,334, Cat B at $40,990, and Cat E at $39,889
Cat A (Cars up to 1600CC & 97KW) closed at $37,334, with an increase of $800 from the last exercise. It received 1,323 bids in total.
Cat B (Cars above 1600CC or 97KW) also saw an increase in premiums. It closed $300 higher with the final amount at $40,990. It received 1,272 bids.
Closing at $33,778 is Cat C (Goods Vehicle & Bus). It closed $689 higher from the previous exercise.
Cat D (Motorcycles) closed this exercise at $7,300. It received 560 bids and saw a $151 decrease in premiums.
Finally, for Cat E (Open Category), it saw a slight $412 drop. It closed at $39,889 and received 560 bids.
Here’s a summary of the 2nd bidding exercise for October 2020:
Category |
Current COE premium |
Current COE premium |
Difference |
A – Car up to 1600CC & 97KW |
$37,334 |
$36,534 |
$800 (2.2%) |
B – Car above 1600CC or 97KW |
$40,990 |
$40,690 |
$300 (0.7%) |
C – Goods Vehicle & Bus |
$33,778 | $33,089 |
$689 (2.1%) |
D – Motorcycle |
$7,300 | $7,451 |
$151 (-2%) |
E – Open |
$39,889 | $40,301 |
$412 (-1%) |
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Read More: October 2020 COE Results: Premiums Down For Cars
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