COE bidding

Singapore's May 2024 COE Bidding Madness Unveiled

Find out the shocking results of the latest COE bidding exercise in Singapore!

In the much-anticipated first COE bidding exercise of May 2024, the prices were nothing short of jaw-dropping. Cat A closed at a staggering $93,604, while Cat B wasn't far behind at $105,002. Cat C followed closely at $70,001, and even Cat D closed notably high at $9,503. The premiums for larger cars experienced a significant surge in the latest bidding exercise, leaving many car enthusiasts in disbelief. Mainstream cars, on the other hand, had a slight drop in their COE premiums, offering a bit of relief to some buyers. The rise in COE premiums for larger cars, with big cars breaching the $105,000 mark, caused quite a stir in the automotive industry. Despite this, mainstream cars managed to hold their ground, maintaining stability in the market.