COE premiums stable

PREMIUMS for certificates of entitlement (COEs) stabilised on Wednesday as the first bidding exercise of a new quota offers a substantial 41 per cent increase in supply for the next three months.

All COE categories except the small car category softened. Cat A - for cars below 1,600 cc or 130 hp - rose S$988 to S$68,589. But Cat B - for cars above 1,600 cc or 130 hp - slipped S$401 to S$77,600, while Cat E - the open category which currently tracks Cat B - fell S$1,496 to S$78,004.

Cat C - for goods vehicles and buses - continued to slide significantly for the second consecutive tender; it was down S$2,903 to S$50,098. Meanwhile, Cat D - for motorcycles - shed S$289 from last fortnight's all-time high to S$6,512.