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In the first round of bidding in September, COE premiums continue to fall, with Cat A recording the biggest drop for passenger vehicles by $1,788.

05 Sep 2018 | Local News : Singapore


In the first round of bidding in September, all Certificate of Entitlement (COE) premiums fell slightly, with Cat A recording the biggest drop.

COE premiums continue to fall across the board, with Cat A recording the biggest drop by $1,788
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $1,788 (5.58%) and ended at $30,209.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, dropped by $428 (1.31%) and ended at $32,001.

In Cat E, the open category, premiums went down by $510 (1.57%), with premiums closing at $31,801.

We have been witnessing a slight downward trend in regards to COE prices. This might indicate that demand for new cars has lessened, considering also the fact that the only more popular, mass market car that was launched recently within the last one month is the Kia Cerato.
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