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Big car COE premium plunges 23%

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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.

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.

Analyse historical COE data with the Business Times interactive tool