May 2021 COE Results 2nd Bidding: Decrease in Premiums Except for Motorcycles
In the 2nd COE exercise for May 2021, Cat A closed at $41,801, Cat B at $58,089, Cat C at $41,701, Cat D at $8,701 and Cat E at $62,000.
The most significant decrease came from Cat A (Cars up to 1600CC & 97KW). It saw a huge drop of $6,201. It received 1,209 bids and closed at $41,801.
With 1,089 bids received, Cat B (Cars above 1600CC or 97KW) closed at $58,089. It dropped by $1,912 from the previous exercise.
Cat C (Goods Vehicle & Bus) closed $1,300 lower at $41,701. It received 315 bids.
Cat D (Motorcycles) is now $690 higher than the last exercise. It received 904 bids and closed at $8,701.
Finally, Cat E (Open Category) decreased by $1,002, closing this exercise at $62,000 and it received 400 bids in total.
Here’s a summary of the 2nd bidding exercise for May 2021:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$41,801 |
$48,002 |
$6,201 (-12.92%) |
|
B – Car above 1600CC or 97KW |
$58,089 |
$60,001 |
$1,912 (-3.19%) |
|
C – Goods Vehicle & Bus |
$41,701 |
$43,001 |
$1,300 (-3.02%) |
|
D – Motorcycle |
$8,701 |
$8,011 |
$690 (8.61%) |
|
E – Open |
$62,000 |
$63,002 |
$1,002 (-1.59%) |
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Read More: May 2021 COE Results: Fall in Premiums for Cat A to C
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