Largest Drop In COE Prices for 2 Months!
Wednesday, August 22nd, 2007 Tags: COE prices decrease, COE Prices drop, petrolwatchPosted in News
Results for the August 2007 2nd Open Bidding Exercise were released on 22 August 2007 at 1600hrs. Good news as prices have decreased for most categories since the last open bidding at the start of August 2007. Vehicles in Cat A saw the highest drop in prices by $8883. Prices for vehicles in Cat B and Cat E also dropped considerably by $1991 and $701 respectively. Vehicles in Cat D saw the smallest drop of the lot by $62. Only vehicles in Cat C saw an increase in prices by $1123. Full results can be viewed in the table below.
| Category |
Quota
|
Old QP($)
|
New QP($)
|
PQP($) | |
|---|---|---|---|---|---|
|
A
|
Car (1600cc & below) & Taxi
|
2,189
|
17,001
|
8,118
|
14,616 |
|
B
|
Car (Above 1600 cc)
|
1,124
|
18,001
|
16,010
|
17,951 |
|
C
|
Goods Vehicle & Bus
|
452
|
5,767
|
6,890
|
5,641 |
|
D
|
Motorcycle
|
481
|
1,251
|
1,189
|
1,147 |
|
E
|
Open
|
1,093
|
18,003
|
17,302
|
|
| QP: Quota Premium PQP: Prevailing Quota Premium |
