The oversubscribed rate for the January 1st bidding exercise was 17%(previously 28%) for Category A, 30%(previously 23%) for Category B and 78%(previously 75%) for Category E (Open) COEs. With many dealers' more aggressive match to Borneo Motor's discount for Toyota, I predict that the quota premium will see stronger demand across all categories due to anxious buyers wanting to get their new rides for the Chinese New Year.
Prediction on January 13:
Category A: $18,000-19,000
Category B: $20,000-21,000
Verdict on January 20:
Category A: $20,501
Category B: $22,400
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