June 2021 COE Results 2nd Bidding: Prices Drop Slightly After Previous Hike
In the 2nd COE bidding exercise for June 2021, Cat A closed at $47,821, Cat B at $56,032, Cat C at $37,000, Cat D at $8,501, and Cat E at $58,001.
Cat A (Cars up to 1600CC & 97KW) went down by $689. It closed this exercise at $47,821 and received 1,178 bids in total.
Cat B (Cars above 1600CC or 97KW) saw a significant decrease. It received 983 bids, $4,077 lower than the previous exercise. It closed at $56,032.
Cat C (Goods Vehicle & Bus) saw the smallest dip at $2. It closed at $37,000 and received 478 bids.
Cat D (Motorcycles) saw a decrease. With 864 bids, it closed at $202 lower at $8,501.
Lastly, for Cat E (Open category), 519 bids were received, and a closing price of $58,001 was announced. It closed $3,111 lower than the previous exercise.
Here’s a summary of the 2nd bidding exercise for June 2021:
|
Category |
Current COE premium |
Previous COE premium |
Difference |
|
A – Car up to 1600CC & 97KW |
$47,821 |
$48,510 |
$689 (-1.42%) |
|
B – Car above 1600CC or 97KW |
$56,032 |
$60,109 |
$4,077 (-6.78%) |
|
C – Goods Vehicle & Bus |
$37,000 |
$37,002 |
$2 (-0.01%) |
|
D – Motorcycle |
$8,501 |
$8,703 |
$202 (-2.32%) |
|
E – Open |
$58,001 |
$61,112 |
$3,111 (-5.09%) |
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Read More: May 2021 COE Results 2nd Bidding: Decrease in Premiums Except for Motorcycles
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