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Big car COE premium plunges 23%
CERTIFICATE of entitlement (COE) premiums slumped across the board on Wednesday, led by the big car category in the first bidding exercise for the new and larger February-April 2016 quota.
Cat A - for cars below 1,600cc and 130 hp - tumbled S$4,650 to S$46,651 and Cat B - for cars above 1,600cc or 130 hp - crashed S$11,479 to S$38,610, or nearly a quarter of its price two weeks ago.
Cat E - the open category which currently tracks Cat B - was down S$6,999 to S$44,001.
Cat C - for goods vehicles - was S$1,466 lower at S$45,036 while Cat D - for motorcycles - slipped just S$9 to S$6,503.