Slight increase in Cat A COE while Cat B and E decrease

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

Cat B and E premiums continued their downward trend

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,590 (5.9%) and ended at $28,589.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $1,906 (5.3%) and ended at $34,000.

In Cat E, the open category, premiums went down by $2,499 (6.3%), with premiums closing at $39,400.

The slight increase in Cat A premiums is probably a result of owners revalidating the COE on their cars due to the relatively low PQP for Cat A cars. For both Cat B and E, the total numbers of bids decreased from June, which continues a downward trend of COE premiums as a result of supressed buying sentiment.