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Certificate of Entitlement premiums have fallen across the board in the second round of bidding in May, with Cat A recording the biggest dip.

23 May 2019 | Local News : Singapore

In the second round of bidding in May, Certificate of Entitlement (COE) prices have taken a significant dip across the board.

COE prices have fallen in this round of bidding, with Cat A recording a significant 26.43% dip
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, fell by $9,704 (26.43%) and ended at $27,000.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, fell by $5,446 (11.34%) and ended at $42,564.

In Cat E, the open category, premiums went down by $5,502 (10.47%), with premiums closing at $47,000.

This round of bidding is significant - it is the first time this year that Cat B and E prices have seen a dip. The last recorded dip for Cat A on the other hand was in February.

Car dealers have mentioned that due to the increasing COE premiums in the last few rounds of bidding, sales have slowed. Thus, with sliding demand for new car registrations, COE prices have taken a downturn in this round.
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