February 2021 COE Results 2nd Bidding: Quota Premiums Down Across the Board
In the 2nd COE bidding exercise for February 2021, Cat A closed at $41,001, Cat B at $46,002, Cat C at $40,890, Cat D at $7,500 and Cat E at $47,506.
Cat A (Cars up to 1600CC & 97KW) went down by $999. It closed this exercise at $41,001 and received 1,226 bids in total.
Cat B (Cars above 1600CC or 97KW) closed this exercise at $46,002 and saw a decrease of $788. It received 1,168 bids in total.
Cat C (Goods Vehicle & Bus) saw the biggest dip. It went $4,111 lower than the last exercise. It closed at $40,890 and received 424 bids in total.
Cat D (Motorcycles) saw the smallest dip at $6. It closed at $7,500 and received 715 bids.
Finally, Cat E (Open Category) fell steadily by $2,272 from the last exercise. It closed at $47,506 and received 503 bids in total.
Here’s a summary of the 2nd bidding exercise for February 2021:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$41,001 |
$42,000 |
$999 (-2.38%) |
|
B – Car above 1600CC or 97KW |
$46,002 |
$46,790 |
$788 (-1.68%) |
|
C – Goods Vehicle & Bus |
$40,890 |
$45,001 |
$4,111 (-9.14%) |
|
D – Motorcycle |
$7,500 |
$7,506 |
$6 (-0.08%) |
|
E – Open |
$47,506 |
$49,778 |
$2,272 (-4.56%) |
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Read More: February 2021 COE Results: Quota Premiums Plunges for Cars
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