Unlike last tender’s positive uptick in lower bids, all COE premiums closed higher in the latest bidding results. Check out where all the premiums closed at below.
COE Bidding Results (20 January 2021)
For COE premiums in Category A, which are meant for cars with 1,600cc and below and with horsepower not exceeding 130bhp, premiums closed at $43,501 increasing by $2,892.
Continuing the trend, premiums for larger and more powerful cars in Category B saw an increment of $1,099, crossing the $50K mark to close at $50,100.
Also rising were COE premiums for commercial vehicles, which include goods vehicles and buses. Premiums in this category saw the largest increase of $5,009, to $40,999.
COEs in the open category were not spared from the onslaught and closed higher in this round of bidding. Premiums in the category saw a jump of $2,411, closing at a whooping $51,900. These premiums are used for any vehicle type but end up being used mainly for larger cars.
There were a total of 4,023 bids but with a quota of only 2,831 COEs available.
If you are planning on bidding later this year, it’s worth noting that there will be a reduction in the COE quota from February to April. An average of 4,241 COEs are slated to be released. Get more info here.