COE prices fall again with small car COEs clipping $60k
07 May 2014|5,650 views
COE premiums continue to take the plunge in May's first bidding exercise, as buyers and industry players expected an influx of COE in the coming months. The Land Transport Authority (LTA) has announced that COE supply will be increased by a substantial 42 percent in the current quarter, sparking prospective buyers to adopt a conservative approach.
Despite the drop in premiums in the last exercise, dealers have reported that sales of new cars did not pick up. This could be largely due to the loan curb regulation that subjects buyers to a minimum downpayment of 40 percent.
Category A COEs, for cars up to 1,600cc in displacement and no more than 130bhp, ended at $60,002 - a drop of $11,333 from two weeks ago.
The 18.9 percent drop from two weeks ago is the widest among the car categories and is the third straight dive since late March where premiums soared as high as $78,602. This is also the first time, Category A premiums have hit the $60,000 mark since the start of 2014.
COEs premiums for Category B, for cars larger than 1,600cc or 130bhp, ended the tender at $70,002 from $75,010 in the last exercise - a drop of 6.7 percent.
Category E premiums (or Open Category) ended $65,501 - a drop from $73,810 two weeks ago, or 11.3 percent.
This is the first time Category E premiums have dipped below the $70,000 mark this year.
COE premiums continue to take the plunge in May's first bidding exercise, as buyers and industry players expected an influx of COE in the coming months. The Land Transport Authority (LTA) has announced that COE supply will be increased by a substantial 42 percent in the current quarter, sparking prospective buyers to adopt a conservative approach.
Despite the drop in premiums in the last exercise, dealers have reported that sales of new cars did not pick up. This could be largely due to the loan curb regulation that subjects buyers to a minimum downpayment of 40 percent.
Category A COEs, for cars up to 1,600cc in displacement and no more than 130bhp, ended at $60,002 - a drop of $11,333 from two weeks ago.
The 18.9 percent drop from two weeks ago is the widest among the car categories and is the third straight dive since late March where premiums soared as high as $78,602. This is also the first time, Category A premiums have hit the $60,000 mark since the start of 2014.
COEs premiums for Category B, for cars larger than 1,600cc or 130bhp, ended the tender at $70,002 from $75,010 in the last exercise - a drop of 6.7 percent.
Category E premiums (or Open Category) ended $65,501 - a drop from $73,810 two weeks ago, or 11.3 percent.
This is the first time Category E premiums have dipped below the $70,000 mark this year.
Latest COE Prices
February 2025 | 1st BIDDING
NEXT TENDER: 19 Feb 2025
CAT A$85,000
CAT B$111,104
CAT C$62,506
CAT E$110,000
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