COE prices remain high across the board
06 May 2015|3,566 views
Prices of COE dipped slightly in the latest tender for both categories B and E, closing at around $78k. Category A bucked the trend by registering a rise of $988 to close at $68,589.
Category B premiums fell by $401 to end at $77,600 while Category E, which is usually used to register for cars, saw premiums decreasing by 1.9 percent or $1496 to end at $78,004.
The rise of Category A premiums could be attributed to a sharp rise in demand for the COEs despite an increase in the quota as well. A category used to register cars up to 1,600cc and no more than 130bhp, the number of bids jumped by more than 40 percent to 2,891 in this exercise.
Car owners who are looking to replace their rides before the decade is up could be rushing to place orders now for fear of a further increase in the future.
Prices of COE dipped slightly in the latest tender for both categories B and E, closing at around $78k. Category A bucked the trend by registering a rise of $988 to close at $68,589.
Category B premiums fell by $401 to end at $77,600 while Category E, which is usually used to register for cars, saw premiums decreasing by 1.9 percent or $1496 to end at $78,004.
The rise of Category A premiums could be attributed to a sharp rise in demand for the COEs despite an increase in the quota as well. A category used to register cars up to 1,600cc and no more than 130bhp, the number of bids jumped by more than 40 percent to 2,891 in this exercise.
Car owners who are looking to replace their rides before the decade is up could be rushing to place orders now for fear of a further increase in the future.
Latest COE Prices
March 2024 | 2nd BIDDING
NEXT TENDER: 03 Apr 2024
CAT A$85,489
CAT B$96,011
CAT C$70,112
CAT E$95,856
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