Longer bidding interval pushes up COE premiums; Cat A at all-time high
Categories A and B are oversubscribed by 43%, notes an industry observer
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[SINGAPORE] Certificate of Entitlement (COE) premiums rose across the board for all categories of vehicles in the latest round of bidding on Wednesday (Sep 9), which automotive industry observers attributed primarily to the longer interval between tenders.
Particularly, Category A achieved a record high of S$133,009 in September’s first bidding exercise, up 3.5 per cent or S$4,508 for the group applicable to mainstream cars. This came after the category’s last record of S$129,000 in July.
Meanwhile, Category B, for larger or more powerful cars, rose 3.1 per cent or S$4,000 to S$135,001, and Category E, the open category, was up 2.1 per cent at S$137,890.
