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In the first Certificate of Entitlement bidding round for September, COE premiums fell across all car categories.

04 Sep 2019 | Local News : Singapore

In the first bidding round of September, Certificate of Entitlement (COE) prices fell across all categories.

COE premiums fell across the board for the first bidding round of September
Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $134 (0.4%) and ended at $31,783.

Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $2,601 (6.7%) and ended at $36,001

In Cat E, the open category, premiums fell by $2,090 (5.2%), with premiums closing at $37,912.

The drop in COE premiums is the result of fewer bids across all categories. This is likely the result of expectations of slower economic growth continuing to suppress buyer sentiment when purchasing new cars.
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