SINGAPORE: Most Certificate of Entitlement (COE) premiums closed lower on Thursday (Jan 4), with Category A and B premiums falling to their lowest levels since early 2022.
The premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, closed at S$65,010, down 23.5 per cent from S$85,000 in the previous exercise. This is the lowest figure since February 2022.
The premium for Category B, for larger and more powerful cars, fell 22.7 per cent
Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, also fell - from S$118,388 to S$106,388. The 10.1 per cent dip brought the premium for the category to its lowest level since February 2023.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$67,599 from S$69,423 in the previous bidding exercise.
Motorcycle premiums closed at S$9,114, up from S$9,002.
A total of 3,303 bids were received, with a quota of 2,422 COEs available.
The COE quota for the November 2023 to January 2024 quarter was increased from the previous quarter, bringing the total supply of COEs to 14,388.
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The premium for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, closed at S$65,010, down 23.5 per cent from S$85,000 in the previous exercise. This is the lowest figure since February 2022.
The premium for Category B, for larger and more powerful cars, fell 22.7 per cent
Open Category COEs, which can be used for any vehicle type but end up being used mainly for large cars, also fell - from S$118,388 to S$106,388. The 10.1 per cent dip brought the premium for the category to its lowest level since February 2023.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$67,599 from S$69,423 in the previous bidding exercise.
Motorcycle premiums closed at S$9,114, up from S$9,002.
A total of 3,303 bids were received, with a quota of 2,422 COEs available.
The COE quota for the November 2023 to January 2024 quarter was increased from the previous quarter, bringing the total supply of COEs to 14,388.
Continue reading...