After 3 months away, the COE bidding exercise is finally back. In the latest COE Bidding Results (8 July 2020), COE premiums closed higher across the board! again! Find out how much these premiums went up by below.
COE Bidding Results (8 July 2020)
For Category A cars, which is meant for cars with 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at $33,520, up from S$31,210.
Rising the most were premiums for larger and more powerful cars in Category B. These premiums rose to $35,889 from $30,012.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to $34,989 from $32,500.
Also rising were COEs for commercial vehicles. These premiums rose to $24,502 from $22,002 in the previous bidding exercise.
A total of 9,635 bids were received, but only a quota of 4,382 COEs available.