SINGAPORE: Most Certificate of Entitlement (COE) premiums closed decrease on Thursday (Jan 4), with Category A and B premiums falling to their lowest ranges since early 2022.
The premium for Category A automobiles, or these 1,600cc and beneath with horsepower not exceeding 130bhp, closed at S$65,010, down 23.5 per cent from S$85,000 within the earlier train. This is the bottom determine since February 2022.
The premium for Category B, for bigger and extra highly effective automobiles, fell 22.7 per cent from S$110,001 to S$85,010, dropping to a stage not seen since January 2022.
Open Category COEs, which can be utilized for any car kind however find yourself getting used primarily for big automobiles, additionally fell – from S$118,388 to S$106,388. The 10.1 per cent dip introduced the premium for the class to its lowest stage since February 2023.
COEs for industrial autos, which embrace items autos and buses, fell to S$67,599 from S$69,423 within the earlier bidding train.
Motorcycle premiums closed at S$9,114, up from S$9,002.
A complete of three,303 bids had been obtained, with a quota of two,422 COEs available.
The COE quota for the November 2023 to January 2024 quarter was elevated from the earlier quarter, bringing the full provide of COEs to 14,388.