Updated: Sep 8
COE results of the May 2023 1st bidding have just been released! There has been a significant contrast to previous results. Let's break down one by one.
The price for Category A, which includes cars with an engine capacity of 1,600cc and below, has increased $794, from $96,206 to $97,000 while Category B, which includes cars with an engine capacity above 1,600cc, saw a significant price decrease of $2,998, from $121,000 to $118,002.
Category E, which includes motorcycles, also saw a slight decrease of $917 compared to the last result. Meanwhile Category C, which includes goods vehicles & buses, saw a significant decrease of $2,000, from last price of $123,000 to $121,000.
It's important to keep in mind that COE prices can fluctuate over time, and are influenced by a number of factors such as demand and supply, economic conditions, and government policies.
In conclusion, the COE result for the first bidding in July 2023 has implications for both car buyers and sellers in Singapore. While COE prices can be unpredictable, staying informed and making strategic decisions can help you find the best deals.
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