Cat A COE premium eases as demand is diverted to Cat B
With the gap in premium between the two categories narrowing, buyers may prefer bigger cars, say observers
[SINGAPORE] The Certificate of Entitlement (COE) premium for smaller cars eased in August’s first bidding round as demand was diverted to bigger cars.
This follows the gap between Category A and Category B premiums narrowing in recent exercises, and a record-high premium for Category A in July.
Anthony Teo, managing director of automotive group Motorway, pointed out that car owners will go for Category B when premiums for A and B are close, which could explain the 1.7 per cent slide in Category A’s premium on Wednesday (Aug 5).
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