COE Prediction - November 2009 1st Bidding Exercise
The oversubscribed rate for the October 2nd bidding exercise was 34% for Category A, 21% for Category B and 85% for Category E (Open) COEs. I think that the quota premium for Category B will breach the $20K mark in the next bidding exercise. Category A quota premium should raise modestly too.
Prediction on October 26: Category A: $19,000-20,000 Category B: $20,000-21,000
Verdict on November 4: Category A: $16,747 Category B: $18,389