In the second round of bidding for January, Certificate of Entitlement (COE) prices for Cat A and Cat E decreased, while Cat B premiums rose.
In the second round of bidding for January, Cat B premiums rose, while Cat A and Cat E premiums fell
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, increased by $596 (1.6%) and ended at $37,705.
In Cat E, the open category, premiums decreased by $500 (1.3%), and closed at $37,500.
The recent news regarding the constricting COE supply for the February-April quota period could have dissuaded the more price-conscious buyers for Cat A from making purchases this bidding round, while the rise in Cat B premiums could be due to the spate of recent launches at the recently concluded Singapore Motor Show enticing buyers to make their purchases.
