In the second COE bidding exercise of 2024, Cat A closed at $81,589; Cat B closed at $112,000; Cat C closed at $68,001; Cat D closed at $9,309; while Cat E closed at $109,004. Cat A (car up to 1600cc & 130bhp, and EV with up to 110kW) received 1,880 bids for 923 COEs and its premium climbed by $16,579..
2023 was no doubt an exciting year for local motorists. COE premiums took a roller coaster-like climb and dive, and we even got a first look at what our future ERP system will look like! But there's not going to be any time for us all to catch our breath not with this exciting lineup all scheduled to arrive.
In the 2nd COE bidding exercise for December 2023, Cat A closed at $85,000; Cat B closed at $110,001; Cat C closed at $69,423; Cat D closed at $9,002; while Cat E closed at $118,388. Cat A (car up to 1600cc or 130bhp, and EV with up to 110kW) received 1,166 bids for 919 COEs and its premium decreased by.
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