The latest COE bidding results (19 September 2018) are out and it’s a mixed bag of results.
COE Bidding Results (19 September 2018)
Premiums in Category A closed at $28,000 in the latest exercise, down from $30,209. The COE premiums in Category A are usually used for cars 1,600cc and below.
Also closing lower were the premiums for larger and more powerful cars in Category B. The premiums in this category fell to $31,307 from $32,001.
However, premiums in the Open Category rose by $199 to $32,000. While premiums in this category can be used for any vehicle type, they usually end up being used for large cars.
Motorcycle premiums closed at $4,214, down from $4,390 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, rose to $27,104, increasing by $103.
There was a total of 6,865 bids were received, with a quota of 4,835 COEs available.
Even though the premiums in the latest COE bidding results (19 September 2018) closed mostly lower, it looks like the downward trend might be ending.