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In the second Certificate of Entitlement bidding round for March, Cat A and Cat B premiums fell while Cat E premiums remained stable.

18 Mar 2020 | Local News : Singapore

In the second round of bidding for March, Certificate of Entitlement (COE) prices fell across Cat A and Cat B, while the premium for Cat E remained unchanged.

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $1,489 (4.6%) and ended at $31,210.

In the second round of bidding for March, Cat A and B premiums fell, while Cat E remained unchanged
Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, decreased by $2,789 (8.5%) and ended at $30,012

In Cat E, the open category, premiums remained unchanged, closing at the same price as the last bidding round, at $32,500.

Economic uncertainty following the outbreak of COVID-19 may be deterring buyers from making new car purchases. Cat A saw 1,421 bids entered for this bidding round, a drop from the 1,436 bids received earlier this month. The small increase in bidding quota available for Cat A and B this round may have also led to the decrease in premiums for both categories. 

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