COE Results March 2nd Tender : CAT B COE lowest this year

COE Closes mix under Covid19

COE result for March 2nd bidding results are out.

CAT A (Car up to 1600CC)
CAT B (Car Above 1600CC)
CAT C (Goods Vehicle & Bus)
CAT D ( Motorcycle)
CAT E ( Open-All Except Motorcycle)

Most of the car categories see a 4 figure drop with the highest drop for Goods Vehicle and Bus. CAT B cars COE has dropped to an almost 10 year low of $30012.

With COVID-19 lurking, the demand for cars would continue to be weak. With global slowdown in business, COE may trend downwards for the next coming months.

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