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Car COE premiums reach another high
SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).
A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.
The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.
These prices for car COEs have not been seen in recent years.
Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.
According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.
SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).
A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.
The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.
These prices for car COEs have not been seen in recent years.
Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.
According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.
