More less-expensive Cat B cars registered

Singapore

THE recategorisation of Certificate of Entitlement (COE) Category A a year ago has led not only to the median Open Market Value (OMV) of small cars falling, but also that of bigger and more expensive Cat B cars - though the reasons differ.

While there has been a surge in mass-market cars rather than luxury models being registered in Cat A because of an engine-output cap, it appears that vehicle-financing restrictions, a tiered registration tax structure and high COE premiums are behind the changes in Cat B registrations.