January 2021 COE Results 2nd Bidding: Quota Premiums Rises Across All Categories
In the 2nd COE bidding exercise for January 2021, Cat A closed at $43,501, Cat B at $50,100, and Cat E at $51,900.
Closing at $43,501 is Cat A (Cars up to 1600CC & 97KW). It closed this exercise $2,892 higher than the previous. It received 1,309 bids in total.
Cat B (Cars above 1600CC or 97KW) also saw an increase in premiums. It closed $1,099 higher, with a final amount of $50,100. It received 1,338 bids in total.
Cat C (Goods Vehicle & Bus) closed this exercise at $40,999, and saw a whopping increase of $5,099.
Cat D (Motorcycles) closed at $7,589. It saw a small hike of $88 from the last exercise. It received 706 bids in total.
Finally, for Cat E (Open Category), it has increased by $2,411. It closed at $51,900 and received 705 bids.
Here’s a summary of the 2nd bidding exercise for January 2021:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$43,501 |
$40,609 |
$2,892 (+6.65%) |
|
B – Car above 1600CC or 97KW |
$50,100 |
$49,001 |
$1,099 (+2.24%) |
|
C – Goods Vehicle & Bus |
$40,999 |
$35,900 |
$5,099 (+14.2%) |
|
D – Motorcycle |
$7,589 |
$7,501 |
$88 (+1.17%) |
|
E – Open |
$51,900 |
$49,489 |
$2,411 (+4.87%) |
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Read More: January 2021 COE Results: Premiums End Mixed In 1st Bidding of 2021
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