You are here

COE premiums for Cat A and B up, but Cat E premium falls

Wednesday, August 5, 2015 - 16:42

cars5 sph.jpg
COE premiums for passenger cars mostly halted their slide in the first round of bidding for August on Wednesday, even with a larger COE quota kicking in.

CERTIFICATE of Entitlement (COE) premiums for passenger cars mostly halted their slide in the first round of bidding for August on Wednesday, even with a larger COE quota kicking in.

Category A, for cars below 1,600cc and 130hp, inched up S$320 to S$56,209.

A bigger increase was seen in Cat B, for cars above 1,600cc or 130hp, with the premium coming in S$2,680 higher at S$60,789.

In the last round of bidding, both categories' premiums were at their lowest for the first seven months of this year.

sentifi.com

Market voices on:

However, the COE premium for Cat E, the open category which currently tracks Cat B, fell S$2,216 to S$57,885.

The latest round of bidding is the first one since the larger COE quota came into effect for the August-October period, with an allowance of 21,845 COEs, or 7,281 each month.

COE premiums for goods vehicles and buses, in Category C, slipped S$700 to S$49,302, while premiums for motorcycles - Cat D - fell S$111 to S$6,201.

Powered by GET.comGetCom