Certificate of Entitlement (COE) for small cars hit another all-time high to close at S$92,100 at the end of the latest bidding exercise at 4pm on Wednesday.
The premium for cars 1,600cc and below (or Category A) rose S$10,211 to surge past the previous high of S$81,889 recorded in the previous bidding exercise on December 19, 2012.
The premium for big cars (Category B, 1,601cc and above) also increased S$2,709 to S$96,210.
COE in the Open category climbed S$111 to S$96,101.
Motorcycles' COE (Category D) rose to S$1,933, up S$232.
For goods vehicles and buses (Category C), a COE will cost S$60,000, lower than the S$62,201 in the previous bidding exercise.
SOURCE
Oh my oh my....... I'm at a loss for words for such COE premiums, especially for Category A. Motor traders attribute the day's results to panic bidding by car dealers bent on securing as many certificates as possible before an even smaller quota kicks in from next month.
This is one of the few times you see the gap between Cat A & B being so small it's almost negligible.
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