In the second round of bidding for February, Certificate of Entitlement (COE) prices for Cat A and Cat B increased, while Cat E premiums fell.
In the second round of bidding for February, Cat A and Cat B premiums rose, while Cat E premiums fell
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, increased by $1,999 (6.5%) and ended at $32,889.
In Cat E, the open category, premiums decreased by $1,599 (4.6%), and closed at $33,301.
The rise in premiums for Cat A and Cat B this bidding round could be due to shoppers being more eager to make their purchases these weeks after the sharp fall in bidding premiums for the previous round of bidding. This can be seen in the increase in bids received for the two categories, which rose from 1,204 to 1,564 and from 1,173 to 1,459 respectively. Meanwhile, Cat E did not see as significant a rise in the number of bids received.
