Tuesday, November 24, 2009

COE Prediction - December 2009 1st Bidding Exercise

The oversubscribed rate for the November 2nd bidding exercise was 10%(previously 14%) for Category A, 18%(previously 12%) for Category B and 48%(previously 61%) for Category E (Open) COEs. With the exception of Category B, the others see the continued down-trending in number of bids.

With the extra week before the next bidding exercise, I predict that the quota premium will be supported at the current level despite the recent weakness in demand.

Prediction on November 24:
Category A: $17,000-18,000
Category B: $18,000-19,000

Verdict on December 9:
Category A: $18,502
Category B: $19,003

1 comment:

Anonymous said...

there will be Bukit Timah car owners who will change car damage by the flood.

also, plus owner keen for the new model of various brand before CNY