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COE premiums fall across all categories in the first bidding round of November

06 Nov 2019|4,550 views

In the first Certificate of Entitlement bidding round for November, COE premiums fell across all car categories.

In the first round of bidding in November, Certificate of Entitlement (COE) prices fell across all categories.

COE premiums fell across the board for the first bidding round of November

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $2,309 (7.1%) and ended at $30,000.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $1,796 (4.3%) and ended at $$40,009.

In Cat E, the open category, premiums fell by $1,919 (4.6%), with premiums closing at 40,101.

Since this is the second bidding round following the recent Cars@Expo, buyers are likely to have already secured their COEs, explaining the fall in COE premiums this round. This can be seen in the drop of bids for both Cat A and Cat B, which fell from 1,467 to 1,302 and from 1,503 to 1,296 respectively.

In the first round of bidding in November, Certificate of Entitlement (COE) prices fell across all categories.

COE premiums fell across the board for the first bidding round of November

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $2,309 (7.1%) and ended at $30,000.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $1,796 (4.3%) and ended at $$40,009.

In Cat E, the open category, premiums fell by $1,919(4.6%), with premiums closing at 40,101.

Since this is the second bidding round following the recent Cars@Expo, buyers are likely to have already secured their COEs, explaining the fall in COE premiums this round. This can be seen in the drop of bids for both Cat A and Cat B, which fell from 1,467 to 1,302 and from 1,503 to 1,296 respectively.