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COE premiums rise across the board
CERTIFICATE of entitlement (COE) premiums bounced back up in the final bidding exercise before the start of a new and smaller quota from next month onwards.
Category A - for cars below 1,600cc or 130 hp - was S$699 higher at S$53,000, while Cat B - for cars above 1,600cc and 130 hp - climbed S$1,419 to S$57,508.
Cat E - the open category which currently tracks Cat B - jumped S$1,499 to S$57,501.
Meanwhile, Cat C - for goods vehicles - shot up S$2,001 to S$49,890, as Cat D - for motorcycles - increased by S$290 to S$6,302.
For the next three months, there will be 10 per cent fewer COEs because of the lower deregistration numbers brought on by the increase in COE revalidations of older cars.
Last week, it was announced that the August-to-October COE quota will be 25,843, with all five categories suffering a contraction. Cat A will have 4,016 COEs a month, down 9.4 per cent; Cat B 2,672 COEs, or 8.6 per cent lower; and Cat E with 857 COEs, a 16.6 per cent reduction.
Cat C will fall 23.2 per cent to 350 COEs monthly, and Cat D will be down 9.6 per cent to 718 COEs.