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COE premiums closed mostly lower at first December bidding

05 Dec 2018|3,481 views

Certificate of Entitlement premiums closed lower across the board in the first round of bidding for December, with Cat A recording the biggest dip once again.

In the first round of COE bidding in December, premiums across all categories continue to dip, with Cat A recording the biggest drop once more.

COE prices have dipped across the board once more, with Cat A recording the biggest decrease at $1,432

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $1,432 (5.7%) and ended at $23,568.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $100 (0.32%) and ended at $31,001.

In Cat E, the open category, premiums went down by $108 (0.34%), with premiums closing at $30,851.

The continued dip can be attributed to several factors, such as the increase of COE supply from November, and that most of the car buying has been done at end-October's Cars@Expo and many potential car buyers are likely holding off their purchases until the Singapore Motor Show 2019 next January.

In the first round of COE bidding in December, premiums across all categories continue to dip, with Cat A recording the biggest drop once more.

COE prices have dipped across the board once more, with Cat A recording the biggest decrease at $1,432

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $1,432 (5.7%) and ended at $23,568.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $100 (0.32%) and ended at $31,001.

In Cat E, the open category, premiums went down by $108 (0.34%), with premiums closing at $30,851.The continued dip can be attributed to several factors, such as the increase of COE supply from November, and that most of the car buying has been done at end-October's Cars@Expo and many potential car buyers are likely holding off their purchases until the Singapore Motor Show 2019 next January.