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For August's first bidding exercise, premiums for Cat A, B and E COEs continue to rise, with Cat B rising the most by $1,830 to $34,381.

08 Aug 2018 | Local News : Singapore

In the first bidding exercise for August, premiums for Cat A, B and E Certificate of Entitlements (COE) continue to rise, with Cat B increasing the most.

COE prices increased for Cat A, B and E, with Cat B increasing the most by $1,830
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, increased by $1,099 (3.36%) and ended at $33,798. 

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went up by $1,830 (5.62%) and ended at $34,381.

In Cat E, the open category, premiums went up by $611 (1.86%), with premiums closing at $33,420.

It is no surprise that car buyers have been encouraged to either buy a new car or renew their COE during this period, due to the significant drop in COE prices in the first round of bidding in July. This led to a spike in COE prices in the second round. The increased number of bids for both Cat A and B COEs in this first round of bidding in August indicate a sustained buying sentiment. 

Also, the recently launched Suzuki Swift is a popular Cat A car, possibly driving up demand for Cat A COEs as well, leading to the increase in Cat A COE prices.
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