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In the second Certificate of Entitlement bidding round for August, COE premiums fell across the board.

21 Aug 2019 | Local News : Singapore

In the second round of bidding in August, Certificate of Entitlement (COE) prices fell across all categories.

COE premiums fell across the board for the second bidding round in the month of August
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $808 (2.5%) and ended at $31,917.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $1,399 (3.5%) and ended at $38,602. 

In Cat E, the open category, premiums fell by $510 (1.3%), with premiums closing at $40,002.

The poor bidding performance, most notable for Cat A, is likely a result of the recent Ministry of Trade and Industry announcement of slower economic growth, thus suppressing buyer sentiment when it comes to purchasing new cars.

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