COE Bidding Results (7 Aug 2019)

The COE Bidding Results (7 Aug 2019) are out and COE premiums closed higher across the board!

COE Bidding Results (7 Aug 2019)

The biggest increase was seen in Category A cars. These premiums are meant for cars with 1,600cc and below with horsepower not exceeding 130bhp. Premiums in this category closed a whopping $6,058 higher at $32,725.

Premiums for larger and more powerful cars in Category B also rose to $40,001 from $39,406.

Also increasing were Open category COEs. While these premiums can be used for any vehicle type, they end up being used mainly for large cars. The premiums rose to $40,512 from $39,889.

COEs for commercial vehicles, which include goods vehicles and buses, rose to $27,800 from $24,599 in the previous bidding exercise.

There were a total of 5,631 bids were received, with a quota of only 3,506 COEs available.

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