Increase for Cat A while Cat B and E fall

In the first round of bidding for December, Certificate of Entitlement (COE) prices for Cat A increased, while Cat B and Cat E premiums fell.

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,009 (3.2%) and ended at $33,009.

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $1,800 (4.5%) and ended at $37,900. 

In Cat E, the open category, premiums fell by $2,000 (4.9%), and closed at $38,889.

The weaker buyer sentiment continues to show in this round of bidding. Despite the increase in Cat A prices, there has been a reduction in bids received throughout all categories compared to the last round of bidding in November. Potential car buyers may also be holding off from making a purchase till next month, when the Singapore Motor Show opens on 9 January.