Friday, May 15, 2009

COE Prediction - May 2009 2nd Bidding Exercise

The oversubscribed rate for the May 1st bidding exercise was about 45% for Category A COEs and 25% for Category B COEs. It seems that the smaller car COEs demand is well-sustained and is likely to be further supported with the improving economic outlook. I have also revised upwards my prediction for Category B COEs as keen buyers are likely to move in ahead of the others.

Prediction on May 15:
Category A: $8,000-9,000
Category B: $8,000-9,000

Verdict on May 20:
Category A: $9,889
Category B: $9,180

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