Category A COE premiums set new record, rising to over…
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Category A COE premiums set new record, rising to over S$133,000
SINGAPORE: Category A Certificate of Entitlement (COE) premiums hit a new high of more than S$133,000 (US$105,000) in the latest bidding exercise on Wednesday (Sep 9), with premiums in all other categories also closing higher.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at a record S$133,009 after rising by S$4,508, or 3.5 per cent, from S$128,501 in the last exercise. The previous record of S$129,000 was set on Jul 8 https://www.channelnewsasia.com/singapore/coe-premiums-july-8-bidding-exercise-6240126 this year.
Premiums for larger and more powerful cars in Category B rose 3.1 per cent to S$135,001 from S$131,001.
COEs for commercial vehicles, which include goods vehicles and buses, rose by 3.4 per cent to S$93,101 from S$90,002 in the previous bidding exercise.
In a statement after the bidding exercise on Wednesday, the Land Transport Authority said: "COE prices remain elevated because of the three-week period since the last exercise. We urge buyers and dealers to be prudent in bidding for COEs."
Monitoring…
#local
SINGAPORE: Category A Certificate of Entitlement (COE) premiums hit a new high of more than S$133,000 (US$105,000) in the latest bidding exercise on Wednesday (Sep 9), with premiums in all other categories also closing higher.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at a record S$133,009 after rising by S$4,508, or 3.5 per cent, from S$128,501 in the last exercise. The previous record of S$129,000 was set on Jul 8 https://www.channelnewsasia.com/singapore/coe-premiums-july-8-bidding-exercise-6240126 this year.
Premiums for larger and more powerful cars in Category B rose 3.1 per cent to S$135,001 from S$131,001.
COEs for commercial vehicles, which include goods vehicles and buses, rose by 3.4 per cent to S$93,101 from S$90,002 in the previous bidding exercise.
In a statement after the bidding exercise on Wednesday, the Land Transport Authority said: "COE prices remain elevated because of the three-week period since the last exercise. We urge buyers and dealers to be prudent in bidding for COEs."
Monitoring…
#local
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