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In the second Certificate of Entitlement bidding round for March, Cat A and Cat B premiums fell while Cat E premiums remained stable.
Certificate of Entitlement premiums end mostly lower in the first round of bidding in June, with the exception of Cat A recording an increase.
Taxi operators may soon be allowed to compete with car buyers for certificates of entitlement again, a move which may fuel competition for COEs.
With the relatively low car COE premiums, the lifespan of 37,114 cars were extended last year, 20% more than previous peak in 2017.
Certificate of Entitlement premiums closed lower across the board in the first round of bidding for December, with Cat A recording the biggest dip once again.
Certificate of Entitlement premiums closed lower across the board in the second round of bidding for November, with Cat A recording the biggest dip.
In the second round of bidding in September, COE prices for Cat A and B continue on a downward trend, with a slight increase for Cat E.
Certificate of entitlement premiums closed lower across the board on Thursday in the second round of bidding for August.
Buying interest has revved up after the Certificate of Entitlement (COE) prices for cars hit their lowest in nearly a decade.
At current COE prices, motorists who bought their cars between 2014 and 2016 are finding it more attractive to switch to a new one now.
For July's first COE bidding exercise, premiums for Cat A, B and E all continue to fall, with the $25,000 Cat A being the lowest since March 2010.
For the second round of bidding in May, COE premiums for Cat A and B see a slight decrease while premiums for Cat E go up by $100.
For the second round of bidding in September, COE premiums increase significantly for Cat A while Cat B and E prices rise slightly.
For the first round of bidding for September, COE premiums continue to drop for Cat A, B and E, with Cat A prices hitting a new low.
For the second round of bidding in August, COE premiums saw a decrease across all categories since the last tender.
For the second round of bidding in June, COE premiums fall across the board, with Cat A prices falling to their lowest since February 2016.
For the first round of bidding in June, COE premiums see a further drop for Cat A, B and E, following a 12-month low for Cat A prices.
For the second round of bidding in May, COE prices for Cat A falls to a 12-month low, while Cat B and E also see a decrease in premiums as well.
Market observers expect the larger supply of COEs for cars to drive premiums down for the quota period of February to April.