COE Dec 1st Bidding Result

 COE closes mostly down.

COE has stabilised after the topsy-turvy trend over the past few sessions due to an increase in COE Quota.

It may disappoint those hoping for a lower CAT B price, as prices are about $130K. Interestingly, the number of bids for CAT B ahs also fallen from over 1200 to just 933.

With the year closing to an end and with GST increasing by 1% in 2024, will this drive the last COE bid in December higher?