It was a surprise to see the drop in the quota premium for Category A COEs. The oversubscribed rate for the August 1st bidding exercise was about 12% for Category A COEs, 24% for Category B COEs and 66% for Category E (Open) COEs. All categories see lower number of bids and small car prices are adjusted downwards to drum up demand.
I predict that the Category A COE quota premium will rebound while the Category B COE quota premium will continue to inch up to the $20K mark.
Prediction on August 11:
Category A: $15,000-16,000
Category B: $19,000-20,000
Verdict on August 19:
Category A: $15,019
Category B: $16,290
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