Longer bidding interval pushes up COE premiums; Cat A at all-time high
Categories A and B are oversubscribed by 43%, notes an industry observer
Certificate of Entitlement (COE) premiums across all vehicle categories saw an upward trend in the most recent bidding round held on September 9, with industry experts attributing the increase to the extended time between tenders. Among the categories, Category A, which encompasses mainstream cars, reached an unprecedented high of S$133,009 in the first bidding session, representing a 3.5% increase or S$4,508 compared to its previous record of S$129,000 set in July.
Similarly, Category B, which includes larger or more powerful vehicles, saw a 3.1% rise or S$4,000, bringing its price to S$135,001. The open category, Category E, experienced a 2.1% increase, now priced at S$137,890.
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- COE premiums up across the board; Cat A price hits all-time high of S$133,009 businesstimes.com.sg
