COE premiums flat as buyers wait and see

PREMIUMS for certificates of entitlement (COEs) were flat in the first bidding exercise of June as prospective buyers take a wait-and-see attitude amid expectations of a larger quota in a couple of months' time.

Only one COE category registered a small increase, while the others were all slightly lower.

Category A - for cars below 1,600cc or 130 hp - fell S$590 to S$66,000, while Cat B - for cars above 1,600cc and 130 hp - slipped just S$2 to S$75,000.

But Cat E - the open category which currently tracks Cat B - dropped more sharply. It slumped S$2,200 to S$75,801.

Meanwhile, Cat C - for goods vehicles - was S$1,101 lower at S$50,900, and Cat D - for motorcycles - inched up S$8 to S$6,509.