Category A COE rises 1.5% in October’s second bidding

At $132,004, it overtook Category B, which edged up 1.4% to $131,901.

The Category A Certificate of Entitlement (COE) premium rose 1.5% to $132,004 in the second bidding exercise for October, from $130,001 in the first bidding this month, according to the Land Transport Authority.

Category A, used to register smaller, less powerful cars and electric vehicles (EVs), received 1,574 bids for a quota of 1,191, of which 1,187 bids were successful.

The COE premium for larger, more powerful cars and EVs under Category B also edged up 1.4% to $131,901, from $130,100 at the last bidding. 

The category received 1,149 bids and met its quota, with all 923 COEs allocated.

Category C, which covers goods vehicles and buses, increased 0.3% to $92,200 from $91,889. It received 481 bids for a quota of 308, of which 307 were successful.

Meanwhile, the Category D (motorcycles) premium fell 2.1% to $10,778, from $11,012 in the previous bidding. It received 611 bids for a quota of 539, of which 535 were successful.

Category E (open) also decreased  0.9% to $135,790, from $137,000. It received 411 bids for a quota of 270, of which 267 were successful.

Categories A, C, D, and E had a total of 12 unused COEs, which will roll into the next exercise.