December 2020 COE Results: Premiums Increase For All Categories
In the 1st COE bidding exercise for December 2020, Cat A closed at $40,714, Cat B at $45,012, Cat C at $32,889, Cat D at $7,670, and Cat E at $45,510.
Cat A (Cars up to 1600CC & 97KW) closed this exercise at $40,714. It received 1,620 bids and saw a $3,024 increase in premiums.
Closing at $45,012 is Cat B (Cars above 1600CC or 97KW). It closed $3,911 higher than the previous exercise. It received 1,712 bids in total.
Cat C (Goods Vehicle & Bus) also saw an increase in premiums. It closed $2,555 higher with the final amount at $32,889.
Cat D (Motorcycles) closed at $7,670 with an increase of $370 from the last exercise. It received 767 bids in total.
Finally, for Cat E (Open Category), it saw the largest increase at $4,007. It closed at $45,510 and received 722 bids.
Here’s a summary of the 1st bidding exercise for December 2020:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$40,714 |
$37,690 |
$2,754 (+8.02%) |
|
B – Car above 1600CC or 97KW |
$45,012 |
$41,101 |
$3,911 (+9.5%) |
|
C – Goods Vehicle & Bus |
$32,889 |
$30,334 |
$2,555 (+8.4%) |
|
D – Motorcycle |
$7,670 |
$7,300 |
$370 (+5.1%) |
|
E – Open |
$45,510 |
$41,503 |
$4,007 (+9.7%) |
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Read More: November 2020 COE Results 2nd Bidding: Premiums Increase for Cars and Motorcycles
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